Definitive Proxy Filed on Social Capital Merger Plan With Opendoor

International Media raised $200 million in August 2021 to focus on North America, Europe and Asia for target companies within the media and entertainment sector.

The SPAC is offering to deposit the lesser of $50,000 or 3.3 cents a share into trust for each month required up to February 2025. Earlier this week, Golden Star offered to sweeten the proposal with an “additional extension fee,” which would add another $20,000 a month to the trust.

Allrites owns proprietary Content as a Service (“CaaS”) technology for film & TV content rights.