Welcome to our dedicated page for VMAC news (Ticker: VMAC), a resource for investors and traders seeking the latest updates and insights on VMAC stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VMAC's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VMAC's position in the market.
Vistas Media Acquisition Company has successfully completed its merger with Anghami, the leading music streaming service in the Middle East and North Africa. Approved by a majority of VMAC shareholders on January 19, 2022, the combined entity will start trading on NASDAQ under the ticker symbol ANGH on February 4, 2022. Anghami boasts over 75 million songs and 75 million registered users, with about 1 billion streams monthly. This landmark merger marks Anghami as the first Arab tech firm to list on a major U.S. exchange, paving the way for its growth and expansion.
Vistas Media Acquisition Company Inc. (NASDAQ: VMAC) has announced that its shareholders, during a special meeting on January 19, 2022, overwhelmingly voted (approximately 98% in favor) to approve the business combination with Anghami Inc., the leading music streaming platform in the Middle East and North Africa. This merger is poised to close upon fulfilling certain conditions, after which Anghami's common stock will trade under the ticker 'ANGH' on NASDAQ. The deal marks a significant move in the media and entertainment sector, targeting the rapidly growing digital music market in the region.
On January 19, 2022, shareholders of Vistas Media Acquisition Company (NASDAQ: VMAC) approved a business combination with Anghami Inc., a leading music streaming service in the Middle East and North Africa. Approximately 98% of votes favored the merger, which is set to close upon fulfilling closing conditions. Following the merger, the new company is expected to trade on NASDAQ under the tickers 'ANGH' and 'ANGHW.' Anghami boasts over 57 million songs and 70 million users, capturing the music streaming market in MENA.
Anghami Inc. has launched an enhanced interactive experience for users in Saudi Arabia (KSA) and the UAE through its partnership with Amazon Alexa. This initiative provides both Arabic and English language skills, allowing users to play music, stream podcasts, and access religious content using local expressions. Anghami, a leader in Middle Eastern music streaming, aims to promote Arabic culture and technology in music. Additionally, Vistas Media Acquisition Company, which is merging with Anghami, expects to finalize the deal in Q1 2022, transitioning to the Anghami name on NASDAQ under the symbol 'ANGH'.
Anghami Inc., a leading music streaming platform in the MENA region, and Vistas Media Acquisition Company Inc. (NASDAQ: VMAC) announced the effectiveness of their registration statement on Form F-4, declared by the SEC on December 16, 2021. This filing is tied to their upcoming Business Combination. A Special Meeting of Stockholders is scheduled for January 19, 2022, to approve the merger, enabling Anghami to operate under its name and be listed on NASDAQ as 'ANGH'. This strategic move aims to expand Anghami's market presence and leverage its extensive music catalog.
Vistas Media Acquisition Company (NASDAQ:VMAC) has announced a joint venture with Sony Music Entertainment Middle East to launch a new record label, Vibe Music Arabia, aimed at promoting Arabic music. The label will empower artists by leveraging Anghami's local insights and Sony's global expertise. This venture is part of Anghami's merger with VMAC, expected to finalize in early 2022, marking a significant milestone as the first Arab tech company to list on NASDAQ. Rami Zeidan has been appointed as General Manager of the new label, enhancing the support for Arabic music creators.
Vistas Media Acquisition Company (VMAC) and Anghami announced a partnership with Samsung Gulf Electronics to offer a complimentary three-month Anghami Plus subscription with the purchase of Samsung's 2021 soundbars. The promotion is valid until December 31, 2021, emphasizing Anghami's appeal with over 57 million songs and Dolby Atmos support. This partnership aims to enhance audio experiences for consumers in the UAE and follows VMAC's proposed business combination with Anghami, expected to close in Q4 2021.
Vistas Media Acquisition Company Inc. (NASDAQ: VMAC) and Anghami Inc. have announced the exclusive premiere of Adele's private concert and interview with Oprah Winfrey in the MENA region on November 19, 2021. This collaboration aims to connect global artists with their fans in the Middle East, supporting Anghami's growth as a leading music platform with over 57 million songs. The upcoming business combination is expected to close in Q4 2021, allowing Anghami to operate under its name and trade as ANGH.
Anghami and Vistas Media Acquisition Company have filed an amended registration statement with the SEC regarding their proposed business combination. This filing includes Anghami's unaudited first-half 2021 financials. The business combination, expected to close in Q4 2021, will rebrand VMAC to Anghami and trade under the ticker ANGH. Anghami is the leading music streaming service in MENA with over 57 million songs for 70 million users, featuring licensed content from major labels.
On October 14, 2021, Anghami Inc. and Vistas Media Acquisition Company Inc. (NASDAQ: VMAC) announced the filing of a registration statement on Form F-4 with the SEC for their proposed business combination. This filing follows a confidential submission on August 2, 2021. The combination is pending stockholder approval and is expected to close in Q4 2021. Upon completion, Anghami will be listed on NASDAQ under the symbol 'ANGH'. Anghami is the leading music streaming platform in MENA, boasting over 57 million songs for 70 million users.
