NEW YORK, Aug. 2, 2021 /PRNewswire/ — Worldwide Media Acquisition Corp.
NEW YORK, Aug. 2, 2021 /PRNewswire/ — Worldwide Media Acquisition Corp. (Nasdaq: IMAQU) (the “Company” or “IMAC”) nowadays offered the closing of its initial public offering of 20,000,000 devices. The devices had been equipped at a label of $10.00 per unit, ensuing in total inaccurate proceeds of $200,000,000, sooner than deducting underwriting discounts, commissions, and utterly different offering payments. Every unit includes 1 fragment of frequent stock, one true to receive one-twentieth (1/20) of a fraction of frequent stock upon the consummation of an initial industry mixture, and one redeemable warrant to select three-fourths (3/4) of a fraction of frequent stock at a label of $11.50 per complete fragment.
The devices began trading on The Nasdaq Capital Market (“Nasdaq”) below the ticker symbol “IMAQU” on July 29, 2021. As soon as the securities comprising the devices originate up separate trading, the shares of frequent stock, rights and warrants are expected to be listed on Nasdaq below the symbols “IMAQ,” “IMAQR” and “IMAQW,” respectively.
The underwriters had been granted a 45-day possibility to gain to an additional 3,000,000 devices at the initial public offering label to quilt over-allotments, if any.
Chardan acted as sole e book-running supervisor in the offering.
A registration statement concerning to those securities used to be declared efficient by the U.S. Securities and Alternate Price (the “SEC”) on July 28, 2021. The offering used to be made easiest by a prospectus, copies of that is more seemingly to be acquired by contacting Chardan, 17 Roar Road, 21st Floor, Recent York, Recent York 10004, or by calling (646) 465-9001. Copies of the registration statement could also be accessed thru the SEC’s net save at www.sec.gov.
This press beginning shall now now not constitute an offer to promote or a solicitation of an offer to select, nor shall there be any sale of these securities in any pronounce or jurisdiction by which such offer, solicitation or sale would be unlawful sooner than registration or qualification below the securities authorized guidelines of this kind of pronounce or jurisdiction.
About Worldwide Media Acquisition Corp.IMAC is led by founder Shibasish Sarkar (CEO). IMAC is a easy take a look at firm fashioned for the cause of effecting a industry mixture with just a few companies. Though there isn’t this kind of thing as a restriction or limitation on what trade or geographic pronounce its procedure operates in, IMAC intends to pursue attainable targets in North The United States, Europe and Asia (excluding China) in the media and entertainment trade.
Cautionary Level to Relating to Forward-Having a search knowledge from StatementsThis press beginning contains forward-taking a search knowledge from statements that get risks and uncertainties. Forward taking a search knowledge from statements are statements that are now now not historical facts. Such forward-taking a search knowledge from statements, together with the see for an initial industry mixture, are area to risks and uncertainties, which could well save off precise outcomes to alter from the forward-taking a search knowledge from statements. The Company expressly disclaims any duties or enterprise to beginning publicly any updates or revisions to any forward-taking a search knowledge from statements contained herein to reflect any trade in the Company’s expectations with admire thereto or any trade in occasions, conditions or conditions on which any statement relies mostly entirely mostly.
IMAC Contact: Fatema NagreeInternational Media Acquisition Corp.+91 9867661126 [email protected]
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SOURCE Worldwide Media Acquisition Corp.
