Vistas Media Acquisition, a blank check company targeting the media and entertainment industry, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50.
The company is led by CEO Jacob Cherian, the former CEO of I-AM Capital Acquisition (acquired Simplicity Esports and Gaming in November 2018; trading under the ticker WINR), and CFO Nagarajan Venkatesan.
Vistas Media Acquisition plans to list on the Nasdaq under the symbol VMACU. I-Bankers Securities acted as a lead manager on the deal.
