Welcome to our dedicated page for ISOS.U news (Ticker: ISOS.U), a resource for investors and traders seeking the latest updates and insights on ISOS.U stock.
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Isos Acquisition Corporation (NYSE: ISOS.U) has received a notice from NYSE Regulation due to its failure to timely file its Quarterly Report on Form 10-Q for the quarter ending March 31, 2021. The company stated it needed more time to assess the accounting treatment of its outstanding warrants. Following an extension, Isos successfully filed the Form 10-Q on June 1, 2021, believing it is now compliant with NYSE listing requirements. The company focuses on mergers and acquisitions in the media and entertainment sectors.
Isos Acquisition Corporation (NYSE: ISOS.U) has closed the issuance of 2,983,700 additional units following a partial exercise of the underwriters' over-allotment option related to its IPO. Priced at $10.00 per unit, this results in gross proceeds of $29,837,000, raising total IPO proceeds to $254,837,000. The units, comprising Class A common stock and redeemable warrants, began trading on March 5, 2021. Proceeds have been placed in trust, positioning Isos for potential mergers or acquisitions in the media and entertainment sectors.
Isos Acquisition Corporation announced the pricing of its initial public offering (IPO) of 22,500,000 units at $10.00 per unit, set to trade on the NYSE under symbol ISOS.U starting March 3, 2021. The units comprise one Class A share and one-third of a redeemable warrant, each whole warrant exercisable at $11.50. The offering is expected to close on March 5, 2021. Isos, a blank check company, aims to focus on mergers and acquisitions in the media and entertainment sectors. It has granted underwriters a 45-day option for an additional 3,375,000 units to cover over-allotments.
