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Reliance Entertainment has announced a robust slate of upcoming shows as part of its streaming strategy. Known for hits like Netflix's “Sacred Games,” the company has greenlit 10 new shows and has four in production. Since entering the streaming space in 2018, it has produced 13 shows, including collaborations with major platforms like Disney+ Hotstar and Amazon Prime Video. Upcoming projects include 'Indian Police Force' and 'Jubilee,' among others. Reliance aims to create original content and adaptations in partnerships with creative talents, promising various engaging stories for a global audience.
International Media Acquisition Corp. (Nasdaq: IMAQU) announced the exercise of an over-allotment option from its public offering, leading to an additional issuance of 3,000,000 units. This follows the completion of a $200 million initial public offering on August 2, 2021, bringing total gross proceeds to $230 million. Each unit consists of one share of common stock, one warrant to purchase three-fourths of a share, and one right to receive a fraction of a share upon a business combination. The units started trading on July 29, 2021, on Nasdaq.
International Media Acquisition Corp. (Nasdaq: IMAQU) has successfully closed its initial public offering (IPO) of 20,000,000 units, raising $200 million at a unit price of $10.00. Each unit consists of one share of common stock, rights to receive a fractional share upon a business combination, and a redeemable warrant. The units started trading on Nasdaq on July 29, 2021, and underwriters have a 45-day option for an additional 3,000,000 units. IMAC is a blank check company aiming to pursue business combinations in the media and entertainment sectors across North America, Europe, and Asia (excluding China).
