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India

I-Am Capital Acquisition Co (IAM.OQ)

IAM.OQ on NASDAQ Stock Exchange Capital Market

10.09USD
20 Jul 2018
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Latest Key Developments (Source: Significant Developments)

I-AM Capital Acquisition Company Announces Definitive Agreement With Smaaash Entertainment
Wednesday, 9 May 2018 

May 8 (Reuters) - I-Am Capital Acquisition Co ::I-AM CAPITAL ACQUISITION COMPANY ANNOUNCES DEFINITIVE AGREEMENT WITH SMAAASH ENTERTAINMENT, A FAST-GROWING GLOBAL VIRTUAL REALITY GAMING AND SPORTS ENTERTAINMENT COMPANY.I-AM CAPITAL ACQUISITION - WILL INVEST NET AMOUNT HELD-IN-TRUST AFTER TRANSACTION CLOSING FEES & EXPENSES, AND ANY REDEMPTIONS, INFUSING UP TO $49 MILLION.I-AM CAPITAL ACQUISITION CO - DEAL WILL TRANSLATE INTO CO OWINING 24.5% INTEREST IN SMAAASH.I-AM CAPITAL ACQUISITION - SMAAASH INTENDS TO USE CASH PROCEEDS FROM TRUST ACCOUNT TO GROW ITS BUSINESS, FUND INORGANIC GROWTH INITIATIVES, AMONG OTHERS.I-AM CAPITAL ACQUISITION CO - TRANSACTION VALUES SMAAASH AT AN ENTERPRISE VALUE OF APPROXIMATELY $200 MILLION.I-AM CAPITAL ACQUISITION CO - UPON CLOSING OF TRANSACTION, I-AM CAPITAL WILL CHANGE ITS NAME TO SMAAASH ENTERTAINMENT INC.I-AM CAPITAL ACQUISITION - UPON CLOSING OF TRANSACTION, CO WILL TRANSITION ITSELF FROM A BLANK CHECK COMPANY TO AN OPERATING BUSINESS.  Full Article

BRIEF-I-AM Capital Acquisition Company Announces Definitive Agreement With Smaaash Entertainment

* I-AM CAPITAL ACQUISITION COMPANY ANNOUNCES DEFINITIVE AGREEMENT WITH SMAAASH ENTERTAINMENT, A FAST-GROWING GLOBAL VIRTUAL REALITY GAMING AND SPORTS ENTERTAINMENT COMPANY

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