International Media Acquisition closed its IPO of 20 million units priced at $10 each.
Units trade on the Nasdaq under IMAQU. Once the securities begin separate trading, shares, rights and warrants are expected to list under IMAQ, IMAQR, and IMAQW.
Chardan was sole book-running manager in the offering. The underwriters have an over-allotment option to purchase up to an additional 3 million units.
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. Read more.
