Edition:
India

Modern Media Acquisition Corp (MMDM.OQ)

MMDM.OQ on NASDAQ Stock Exchange Capital Market

10.28USD
15 Feb 2019
Change (% chg)

$-0.01 (-0.10%)
Prev Close
$10.29
Open
$10.28
Day's High
$10.28
Day's Low
$10.28
Volume
206
Avg. Vol
12,508
52-wk High
$10.35
52-wk Low
$9.80

Latest Key Developments (Source: Significant Developments)

Modern Media Acquisition Corp Enters Into Merger Agreement With Akazoo Ltd
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Modern Media Acquisition Corp ::MODERN MEDIA ACQUISITION CORP. ENTERS INTO MERGER AGREEMENT WITH AKAZOO LTD., A GLOBAL MUSIC STREAMING PLATFORM.MODERN MEDIA ACQUISITION CORP - TRANSACTION THAT WOULD VALUE COMBINED COMPANY AT APPROXIMATELY $469 MILLION..MODERN MEDIA ACQUISITION CORP - DEAL FOR ENTERPRISE VALUE OF $380 MILLION.MODERN MEDIA ACQUISITION CORP - EACH SHARE OF MMDM COMMON STOCK WILL CONVERT INTO RIGHT TO RECEIVE ONE SHARE OF HOLDCO.MODERN MEDIA ACQUISITION CORP - COMBINED COMPANY WILL CONTINUE TO BE LED BY LEADERSHIP OF APOSTOLOS N. ZERVOS, AKAZOO'S FOUNDER AND CEO.MODERN MEDIA ACQUISITION CORP - TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH AKAZOO AND MMDM.MODERN MEDIA - EACH WARRANT TO BUY MMDM STOCK TO CONVERT INTO A WARRANT TO PURCHASE AN EQUAL NUMBER OF SHARES OF HOLDCO ON SAME TERMS AS MMDM WARRANTS.MODERN MEDIA ACQUISITION - EXISTING AKAZOO SHAREHOLDERS WILL RECEIVE A CASH DISTRIBUTION OF UP TO $20 MILLION, IN EXCHANGE FOR A PORTION OF THEIR SHARES.MODERN MEDIA ACQUISITION - MMDM AND AKAZOO WILL COMBINE UNDER A NEW HOLDING COMPANY DOMICILED IN LUXEMBOURG.MODERN MEDIA ACQUISITION - THE NEW HOLDING COMPANY INTENDS TO LIST ON NASDAQ STOCK MARKET UNDER SYMBOL "SONG" FOLLOWING COMPLETION OF TRANSACTION.MODERN MEDIA ACQUISITION CORP - LEW DICKEY WILL SERVE AS CHAIRMAN OF COMBINED COMPANY.  Full Article

Modern Media Acquisition - Effective Oct. 31, signed non-binding loi with private co setting forth preliminary terms potential business combination
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Modern Media Acquisition Corp ::MODERN MEDIA ACQUISITION - EFFECTIVE OCT. 31, SIGNED NON-BINDING LOI WITH PRIVATE CO SETTING FORTH PRELIMINARY TERMS POTENTIAL BUSINESS COMBINATION.MODERN MEDIA ACQUISITION CORP - HAS UNTIL FEBRUARY 17, 2019 TO CONSUMMATE ITS BUSINESS COMBINATION.  Full Article

Modern Media Acquisition Corp announces upcoming separation of trading of its common stock, rights and warrants
Friday, 2 Jun 2017 

June 2 (Reuters) - Modern Media Acquisition Corp :Modern Media Acquisition Corp announces upcoming separation of trading of its common stock, rights and warrants.From June 7, holders of its units may separately trade common stock, rights, warrants comprising units on Nasdaq capital market.No fractional warrants will be issued upon separation of units, only whole warrants eligible to trade on Nasdaq.Those units not separated will continue to trade on Nasdaq under symbol "MMDMU,".Shares of common stock, rights and warrants to trade on Nasdaq under symbols "MMDM," "MMDMR" and "MMDMW," respectively.  Full Article

Davidson Kempner Capital Management reports 5.39 pct passive stake in Modern Media Acquisition as of May 12, 2017
Tuesday, 23 May 2017 

May 22 (Reuters) - Davidson Kempner Capital Management LP: :Davidson Kempner Capital Management LP reports a 5.39 percent passive stake in Modern Media Acquisition Corp as of may 12, 2017 - sec filing.  Full Article

No consensus analysis data available.