Vistas Acquisition II registered to raise $200 million through an offering of 20 million units, each consisting of one Class A ordinary share and one-half of a warrant.
The new SPAC plans to target companies engaged in consumer technology, media and entertainment.
CEO Jacob Cherian is the Co-CEO and a director of Anghami. He previously served as Chairman and CEO of VMAC. Cherian is a former CEO of three Nasdaq-listed SPACs, each of which has completed a business combination. Vistas Media Acquisition shareholders in January approved the merger with Anghami.
EF Huton is sole book-running manager of the offering.
The SPAC intends to list on the Nasdaq under the symbol VACXU. Read more.
