Vistas Media Acquisition Company Inc. (VMACU) Prices $100M IPO

Vistas Media Acquisition Company Inc. (VMACU), announced the pricing of their $100 million SPAC IPO this morning and the shares are expected to begin trading today, Friday, August 7th, under the symbol Nasdaq: VMACU.

Vistas Media Acquisition Company Inc. will be led by F. Jacob Cherian as Chief Executive Officer, Secretary and Director. Mr. Cherian will be joined by Abhayanand Singh and Saurabh Gupta, as Co-Founders and Directors.

Total SPAC deal count for 2020 year-to-date is now 64 with $25.5 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, August 11, 2020.

I-Bankers Securities, Inc. is acting as sole book-running manager and Earlybird Capital is acting as co-manager for the offering. Winston & Strawn LLP and Ellenoff Grossman & Schole LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. Prager Metis CPAs LLC, acted as auditor.