By A Correspondent
Vistas Media Acquisition Company Inc commenced trading of its $100 million initial public offering on Nasdaq on August 7. The offering consists of 10,000,000 units at a price to the public of $10.00 per unit. VMAC 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, reorganisation or similar business combination with one or more businesses or entities in the Global Media and Entertainment sector.
VMAC is led by CEO F Jacob Cherian, based in New York and former chief executive officer of two Nasdaq-listed SPACs and Singapore based NRI media entrepreneurs and Co-Founders, Saurabh Gupta and Abhayanand Singh.
Piiyush Singh, VMC’s India partner, who develops, acquires, manages and executes all production and distribution projects for VMC, across Bollywood and Regional content in India, is also Advisor for VMAC. Recently, their board of advisory was strengthened with the addition of Raj Nayak, who will play a critical role in launching a few of their upcoming media initiatives and business growth plans in India.