VMAC SEC filings, in plain English
Everything Vistas Media Acquisition Co Inc. has filed with the SEC that we hold — 40 filings, newest first, 2 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Vistas Media Acquisition Company Inc.'s definitive merger proxy statement/prospectus for the business combination with Anghami, under which Anghami Inc. becomes the listed parent and both Anghami and VMAC remain its subsidiaries. The special meeting is set for January 19, 2022. The Schedule 14A fee block gives a proposed maximum aggregate transaction value of $449,703,256.75 and a $41,687.49 fee, previously paid on Form F-4, File No. 333-260234, so nothing further is paid here. Why it matters: The document states two different dates for its own delivery: the cover says it is dated December 16, 2021 and first being mailed on or about December 20, 2021, while the special meeting section says it is first being furnished on or about December 16, 2021. Both are in this filing. On the economics, the stock consideration is defined as $180 million of enterprise value less any cash paid to Anghami's shareholders, divided by $10.00, and the PIPE is at least 4,000,000 shares at $10.00. The trust held approximately $102,074,080.46 on November 18, 2021, an estimated $10.207 per share.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- no earlier filing2021-12-31
SpacBrain reads this as the agreement may be terminated from 2021-12-31.
The clause …“of the transactions contemplated hereby shall not have occurred on or before December 31, 2021 (the “ Outside Date ”); provided , that the right to terminate this Agreement under this Section 9.1(c) shall not be available to a Party if”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2021-08-23trust $100.1M → $101.1M +1%
trust account, combination deadline, mandate language1 moved · 2 with no prior record of ours
- Trust account
- $100.1M$101.1M
- Combination deadline
- 2022-02-11 · unchanged
- Mandate language
- the Company intends to focus its search for an initial busin… · unchanged
SpacBrain reads this as $1,007,792 was added to the trust between the two filings.
The clause “Current Assets Cash $ 38,408 $ 709,879 Total Current Assets 38,408 709,879 Cash held in Trust Account 101,072,860 100,049,603 Total Assets 101,111,268 100,759,482 LIABILITIES AND STOCKHOLDERS’ DEFICIT Current Liabilities Accounts payable”…
The clause …“time it has to consummate its Initial Business Combination by three months to February 11, 2022 (the ” Second Extension”, and together with the Extension, the “Extensions”). The Extensions provide the Company with additional time to”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Vistas Media Acquisition Company Inc. filed a preliminary proxy statement for a special meeting with the date, time and location all left blank, on the business combination agreement dated March 3, 2021 with Anghami, Anghami Inc. as Pubco, and the merger subsidiaries Anghami Vista 1 and Anghami Vista 2. Both VMAC and Anghami end as wholly-owned subsidiaries of the Cayman Islands Pubco, each VMAC share carrying the right to one Pubco Ordinary Share and Anghami's shareholders receiving the Per Shareholder Consideration. Why it matters: The fee of $41,687.49 on a transaction value of $449,703,256.75 was already paid with Anghami Inc.'s Form F-4, File No. 333-260234, filed October 15, 2021, so no new fee accompanies this proxy. The value is built from 31,500,075 ordinary shares at $10.09 plus the warrant strips — 10,795,000 VMAC warrants, 500,000 Representative Warrants and 150,000 Service Warrants — with the underlying shares priced at their $11.50 and $12.00 exercise prices rather than at market, so the total is larger than what holders would actually receive.
- What changed vs 2021-05-24trust $100.1M → $100.1M +0%deadline 2021-12-31 → 2022-02-11
trust account, combination deadline, mandate language2 moved · 1 with no prior record of ours
- Trust account
- $100.1M$100.1M
- Combination deadline
- 2021-12-312022-02-11
- Mandate language
- the Company intends to focus its search for an initial busin… · unchanged
SpacBrain reads this as $3,363 was added to the trust between the two filings.
The clause …“Assets Cash $ 249,095 $ 709,879 Total Current Assets 249,095 709,879 Cash held in Trust Account 100,065,068 100,049,603 Total Assets 100,314,163 100,759,482 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities Accounts payable”…
SpacBrain reads this as 42 days later than the previous record.
The clause …“has the option to extend the deadline once more from November 11, 2021 to February 11, 2022. In the event of a liquidation, dissolution or winding up of the Company after an Initial Business Combination the Company’s remaining”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.