International Media Acquisition Corp. (IMAQU) Prices $200M IPO

International Media Acquisition Corp. announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “IMAQU” Thursday, July 29.

The new SPAC aims to combine with a media and entertainment target with an enterprise value between $150 million and $500 million. International Media is led by Chairman and CEO Shibasish Sarkar and CFO Vishwas Joshi.

Total SPAC deal count for 2021 year-to-date is now 387. This offering is expected to close on Monday, August 2.

Chardan is acting as the sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Latham & Watkins LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.