Latham & Watkins Advises the Underwriters in International Media Acquisition Corp.’s US$200 Million Initial Public Offering

International Media Acquisition Corp (IMAC), a blank check company founded by Indian media and entertainment stalwart Shibasish Sarkar, has announced the pricing of its initial public offering of 20,000,000 units at a price of US$10 per unit. Each unit consists of one share of common stock, one right to receive one-twentieth of one share of common stock upon the consummation of an initial business combination and one redeemable warrant to purchase three-fourths of one share of common stock at a price of US$11.50 per whole share. After the securities comprising the units begin separate trading, the shares of common stock, the rights and the warrants are expected to be listed on the NASDAQ under the symbols IMAQ, IMAQR and IMAQW, respectively.

Latham & Watkins LLP represents the underwriters in the transaction with a corporate deal team led by Houston partner Ryan Maierson and Singapore partner Rajiv Gupta, with Houston associates Ryan Lynch and Carlyle Reid. Advice was also provided on tax matters by Houston partners Tim Fenn and Bryant Lee.