International Media Acquisition common stock, rights and warrants may be traded sepoarately starting Aug. 17, the SPAC said.
Shares, rights and warrants that are separated will trade on the Nasdaq under IMAQ, IMAQR and IMAQW, respectively. Units not separated will continue to trade under IMAQU.
International Media raised $200 million in an IPO earlier this month. The SPAC will focus on North America, Europe and Asia for target companies within the media and entertainment sector, especially companies engaged in digitally available content.
The SPAC is led by Chairman and CEO Shibasish Sarkar, the Group CEO at Reliance Entertainment. Read more.