Nasdaq capital market, Supermarket company

New York, July 29 International Media Acquisition Corp (IMAC) has announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit.The units will be listed on The Nasdaq Capital Market and will trade under the ticker symbol "IMAQU" beginning on July 29, 2021.Each unit consists of one share of common stock, one right to receive one-twentieth (1/20) of one share of common stock upon the consummation of an initial business combination, and one redeemable warrant to purchase three-fourths (3/4) of one share of common stock at a price of $11.50 per whole share.After the securities comprising the units begin separate trading, the shares of common stock, rights and warrants are expected to be listed on NASDAQ under the symbols "IMAQ", "IMAQR" and "IMAQW" respectively. The offering is expected to close on August 2, 2021.Chardan Capital Markets, LLC is acting as sole book-running manager of the offering. IMAC has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.A registration statement relating to these securities was declared effective by the US Securities and Exchange Commission (the SEC) on July 28, 2021.IMAC is led by founder Shibasish Sarkar (CEO). IMAC is a blank check company formed for the purpose of effecting a business combination with one or more businesses. Although there is no restriction or limitation on what industry or geographic region its target operates in, IMAC intends to pursue prospective targets in North America, Europe and Asia (excluding China) in the media and entertainment industry. The proceeds of the offering will be used to fund such business combination.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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