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International Media Acquisition Corp. Announces Exercise and Closing of Over-Allotment Option in Public Offering prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
International Media Acquisition Corp. Announces Exercise and Closing of Over-Allotment Option in Public Offering prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Share this article Share this article NEW YORK, Aug. 2, 2021 /PRNewswire/ International Media Acquisition Corp. (Nasdaq: IMAQU) (the Company or IMAC ) today announced the closing of its initial public offering of 20,000,000 units. The units were sold at a price of $10.00 per unit, resulting in total gross proceeds of $200,000,000, prior to deducting underwriting discounts, commissions, and other offering expenses. Each unit consists of one share of common stock, one right to receive one-twentieth (1/20) of a share of common stock upon the consummation of an initial business combination, and one redeemable warrant to purchase three-fourths (3/4) of a share of common stock at a price of $11.50 per whole share. ....
Share this article Share this article NEW YORK, July 28, 2021 /PRNewswire/ International Media Acquisition Corp. ( IMAC ) announced today the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Capital Market ( NASDAQ ) and trade under the ticker symbol IMAQU beginning on July 29, 2021. Each unit consists of one share of common stock, one right to receive one-twentieth (1/20) of one share of common stock upon the consummation of an initial business combination, and one redeemable warrant to purchase three-fourths (3/4) of one share of common stock at a price of $11.50 per whole share. After the securities comprising the units begin separate trading, the shares of common stock, rights and warrants are expected to be listed on NASDAQ under the symbols IMAQ, IMAQR and IMAQW, respectively. The offering is expected to close on August 2, 2021. ....
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