DJ International Media Acquisition SPAC Files for IPO

By Kimberly Chin

Blank-check company International Media Acquisition Corp. filed for an initial public offering with the Securities and Exchange Commission on Wednesday.

The company plans to offer 20 million units at $10 per unit. Each unit will consist of a share of common stock and a redeemable warrant. Each warrant enables the holder to purchase one-third of a share of common stock. Warrants can be exercisable in multiples of three for a price of $11.50 per full share, International Media said.

The company's sponsor, Content Creation Media LLC, committed to purchase an aggregate of 722,000 units at $10 per unit in a private placement.

International Media could pursue a business combination in any business or geography, but plans to focus on the media and entertainment industry in North America, Europe and Asia, the company said.

The company applied to list its units on the Nasdaq Capital Market under the symbol IMAQU.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

April 07, 2021 18:07 ET (22:07 GMT)

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