BRIEF-I-AM Capital Acquisition Company Announces Definitive Agreement With Smaaash Entertainment [Reuters]
I-AM CAPITAL ACQUISITION CO COMMON (IAM)
US:NASDAQ Investor Relations:
nasdaq.com/markets/ipos/company/iam-capital-acquisition-co-1027864-84173
Company Research
Source: Reuters
BRIEF-I-AM Capital Acquisition Company Announces Definitive Agreement With Smaaash Entertainment | Reuters Reuters Staff 2 Min Read 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
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