International Media Acquisition registered with hte SEDC to offer 20 million units, each consisting of one share of common stock and one redeemable warrant. Each warrant entitles the holder to purchase one-third of a share.
The SPAC in the filing said it will focus on North America, Europe and Asia for target companies within the media and entertainment sector, especially companies engaged in digitally available content.
International Media Acquisition is led by Chairman and CEO Shibasish Sarkar, the Group CEO at Reliance Entertainment.
The SPAC has applied for a Nasdaq listing under IMAQU. Read more.
