Vistas Media Acquisition Company Inc. (VMACU), announced the pricing of their $100 million SPAC IPO this morning and the shares are expected to begin trading today, Friday, August 7th, under the symbol Nasdaq: VMACU.
Vistas Media Acquisition Company Inc. will be led by F. Jacob Cherian as Chief Executive Officer, Secretary and Director. Mr. Cherian will be joined by Abhayanand Singh and Saurabh Gupta, as Co-Founders and Directors.
Total SPAC deal count for 2020 year-to-date is now 64 with $25.5 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, August 11, 2020.
I-Bankers Securities, Inc. is acting as sole book-running manager and Earlybird Capital is acting as co-manager for the offering. Winston & Strawn LLP and Ellenoff Grossman & Schole LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. Prager Metis CPAs LLC, acted as auditor.
Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...