I-AM CAPITAL ACQ - IAMXU = 1C, 1R, 1W
SmAAAAAAsh vote November 9. Polar Asset deal. Proxy
Smaash Merger Investor Presentation September 24.
One Warrant + 11.50 > 1 share. Call over 21 for 20 of 30 days. May be called cashless.
Trust = 10.21 to Nov 21. ~51mm at JPM.
12 month deadline. Can add .0583 for each 3 month extension up to 3 extensions or 21 months at which time trust will total 10.325. Closed August 22, 2017.
Maxim -- Chardan
Indian focus. Previous spac Milleniom India Acq. Now MILC??? $8 to .80 in 2008 post deal. ???
August 24 - IAM will pay dividend of 600,000 common shares to those shares not redeemed.
August 21, 2018, the Company deposited into the Company’s trust account $0.058 per public share - extended the period of time it has to consummate a business combination by three months to November 21, 2018. Trust 10.21
Has option, to extend such term an additional two times, each by an additional three months, up to May 21, 2019
5,000,000 public units.
May 8, 2018 – I-AM Capital Acquisition Company (NASDAQ:IAM) (“I-AM Capital”), announced that it has entered into a Definitive Agreement with SMAAASH EntertainmentPrivate Limited (“SMAAASH”), a global virtual reality gaming and sports entertainment company, headquartered in Mumbai, India.
Donald R. Caldwell, .
Our Chief Executive Officer and director, F. Jacob Cherian,
Our Chief Financial Officer, Suhel Kanuga
Roman Franklin, one of our director nominees has been involved in multiple business transactions tied to India. Max Hooper, one of our director nominees,
Aalap B. Merchant,
In addition, Messrs. Cherian and Kanuga were the officers and directors of Millennium Investment & Acquisition Co., Inc. (formerly Millennium India Acquisition Company Inc.) (“Millennium India”), a special purpose acquisition company, or SPAC, which conducted an initial public offering of $58 million and, after seeking shareholder approval to clarify the definition of a business combination to allow for the purchase of a minority interest, consummated a business combination with SMC Global Securities Ltd. (“SMC”), an India-headquartered diversified financial services company with over 2,500 locations in over 500 cities in India serving over approximately 1.7 million investors and SAM Global Securities Limited (“SAM”). Millennium India acquired a 14.9% interest in each of SMC and SAM. Messrs. Cherian and Kanuga played active roles throughout the business combination transaction for Millennium India. The surviving entity subsequently registered as an investment company under the Investment Company Act of 1940, as amended, or the Investment Company Act. With respect to such transaction, past performance is not a guarantee that we wil
completing an initial business combination with a company that has an enterprise value of between $150 million and $300 million
We will have until 12 months from the closing of this offering to consummate our initial business combination. may extend.. up to three times, each by an additional three months (for a total of up to 21 months...upon five days advance notice prior to the applicable deadline, must deposit into the trust ..$0.0583 per unit on or prior to the date of the applicable deadline, for each three month extension ---- if extended three times > $0.1750 per unit. In the event that we receive notice from our sponsor five days prior to the applicable deadline of their intent to effect an extension, we intend to issue a press release announcing such intention at least three days prior to the applicable deadline. In addition, we intend to issue a press release the day after the applicable deadline announcing whether or not the funds had been timely deposited.
In the event that interest in the trust is available for withdrawal for working capital purposes (up to a maximum of $600,000) and has not been used to pay taxes or other working capital expenses, we may apply the accrued interest in the trust account or such withdrawn interest to the sponsor’s obligation to loan us money in connection with an extension, and the amount that our sponsor would be obligated to loan us in connection with such extension would be reduced by the amount of interest so applied.
Units:
Number outstanding before this offering and the private placement 0
Number outstanding after this offering and the private placement 5,254,500 (1)(3)
Common stock:
Number outstanding before this offering and the private placement 1,437,500 (2)
Number outstanding after this offering and the private placement 6,554,500 (1)(4)
Rights:
Number outstanding before this offering and the private placement 0
Number outstanding after this offering and the private placement 5,254,500 (1) (3)
Warrants:
Number outstanding before this offering and the private placement 0
Number outstanding after this offering and the private placement 5,254,500 (1) (3)