NEW YORK–(BUSINESS WIRE)–Modern Media Acquisition Corp. (NASDAQ: MMDMU) (the “Company”) today announced the completion of its initial public offering of 20,700,000 units, including 2,700,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option.
The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization or other similar business combination with a target company.
Each unit consists of one share of the Company’s common stock, one right and one-half of one warrant.
Each whole warrant entitles the holder thereof to purchase one share of the Company’s common stock at $11.50 per share.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus.
Some of the statements contained in this press release may constitute “forward-looking statements” for purposes of the federal securities laws.
Forward-looking statements are statements other than historical fact, and may include statements regarding Modern Media Acquisition Corp.’s (“Modern Media” or the “Company”) expectations, beliefs, intentions or strategies regarding future actions or events, including the Company’s ability to acquire an operating company and thereafter successfully operate any acquired company and the Company’s ability to identify and effect a combination with a target with the desired enterprise value.
The forward-looking statements contained in this press release are based on Modern Media’s current expectations and beliefs concerning potential future developments and events, and their potential effects on Modern Media.
Modern Media undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law.

Source: Business Wire NEW YORK--(BUSINESS WIRE)--Modern Media Acquisition Corp. (NASDAQ: MMDMU) (the “Company”) today announced the completion of its initial public offering of 20,700,000 units, including 2,700,000 units issued pursuant to the full exercise by the...