Vistas Media Acquisition, listed on the Nasdaq Stock Exchange, said the company’s shareholders voted to merge with Anghami, paving the way for Anghami to become the new brand on the Nasdaq, starting next month.
Vistas stated in a press release on his website web that 98% of shareholders voted in a special meeting held on January 19 in favor of the merger.
The two companies signed a merger agreement last March after Vistas Media, a special purpose company, raised $ 100 million in 2020.
The business combination is expected after customary closing conditions are met, after which the combined company’s common stock and warrants will begin trading on the NASDAQ Stock Exchange under the symbols “ANGH” and “ANGHW”, respectively.
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