I-AM Capital Acquisition Company Announces Closing of Transaction with SMAAASH Entertainment, a fast-growing global virtual reality gaming and sports entertainment company
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: GlobeNewswire
NEW YORK, Nov. 21, 2018 (GLOBE NEWSWIRE) -- Smaaash Entertainment Inc. (f/k/a I-AM Capital Acquisition Company) (NASDAQ:IAM) (the “Company”), today announced that it has successfully consummated its previously announced transaction with SMAAASH Entertainment Private Limited (“SMAAASH”), a global virtual reality gaming and sports entertainment company. As part of the transaction, the Company changed its name to “SMAAASH Entertainment Inc.” As a result, the Company expects that its shares of common stock and warrants will continue trading on the NASDAQ Capital Market under the new ticker symbols “SMSH” and “SMSHW”, respectively, on or shortly after November 23, 2018. In connection with the consummation of the transaction, approximately 740,000 shares of the Company’s common stock representing $7.5 million elected not to redeem their shares. Immediately after the closing, the Company has approximately 5.1 million shares and 5.4 million warrants outstanding, with each warrant exercis
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