Vistas Media Acquisition Company Inc. (NASDAQ:VMACU) (“VMAC” or the “Company”) is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more
businesses or entities in the Global Media and Entertainment sector. The Company intends to identify a target business in the Global Media & Entertainment sector.
The Company announced the pricing of its initial public offering (“IPO”) of 10,000,000 units at a price to the public of $10.00 per unit on August 6, 2020. Each unit issued in the IPO consists of one share of Class A common stock and one warrant to acquire one share of Class A common stock at an exercise price of $11.50 per share upon the consummation of an initial business combination.
The Company plans to seek targets for a business combination globally, with a focus on North America, Europe and Asia, across the various Media and Entertainment industry segments, including but not limited to content, film, post-production and/or visual effects facilities, animation, streaming, augmented and virtual reality, music, digital media, gaming and e-sports.