Welcome to our dedicated page for International Media Acquisition news (Ticker: IMAQU), a resource for investors and traders seeking the latest updates and insights on International Media Acquisition stock.
INTL MEDIA ACQ CORP UTS (IMAQU) is the unit security of International Media Acquisition Corp., a blank check company in the Financial Services sector that is focused on completing a business combination. News related to IMAQU often centers on the company’s capital markets activity, regulatory disclosures, and its efforts to identify and pursue targets in the media and entertainment industry.
Press releases describe how International Media Acquisition Corp. completed an initial public offering of units on the Nasdaq Capital Market, followed by the exercise of an over-allotment option that resulted in the issuance of additional units. These announcements highlight the structure of the units, which include common stock, redeemable warrants, and rights tied to the consummation of an initial business combination.
Other news items reference International Media Acquisition Corp.’s stated intention to pursue targets in North America, Europe, and Asia (excluding China) within the media and entertainment industry. A separate announcement from Reliance Entertainment notes that it signed a business combination agreement with International Media Acquisition Corp., underscoring the SPAC’s focus on media and entertainment assets.
On this news page, readers can review company communications about its public offering, over-allotment exercise, and subsequent business combination agreements, as well as related commentary from potential combination partners. For investors and observers tracking SPAC activity in media and entertainment, following IMAQU news provides insight into the company’s progress toward completing a transaction and the types of counterparties it engages with.
Reliance Entertainment has announced a robust slate of upcoming shows as part of its streaming strategy. Known for hits like Netflix's “Sacred Games,” the company has greenlit 10 new shows and has four in production. Since entering the streaming space in 2018, it has produced 13 shows, including collaborations with major platforms like Disney+ Hotstar and Amazon Prime Video. Upcoming projects include 'Indian Police Force' and 'Jubilee,' among others. Reliance aims to create original content and adaptations in partnerships with creative talents, promising various engaging stories for a global audience.
International Media Acquisition Corp. (Nasdaq: IMAQU) announced the exercise of an over-allotment option from its public offering, leading to an additional issuance of 3,000,000 units. This follows the completion of a $200 million initial public offering on August 2, 2021, bringing total gross proceeds to $230 million. Each unit consists of one share of common stock, one warrant to purchase three-fourths of a share, and one right to receive a fraction of a share upon a business combination. The units started trading on July 29, 2021, on Nasdaq.
International Media Acquisition Corp. (Nasdaq: IMAQU) has successfully closed its initial public offering (IPO) of 20,000,000 units, raising $200 million at a unit price of $10.00. Each unit consists of one share of common stock, rights to receive a fractional share upon a business combination, and a redeemable warrant. The units started trading on Nasdaq on July 29, 2021, and underwriters have a 45-day option for an additional 3,000,000 units. IMAC is a blank check company aiming to pursue business combinations in the media and entertainment sectors across North America, Europe, and Asia (excluding China).
FAQ
What is the current stock price of International Media Acquisition (IMAQU)?
