NEW YORK–(BUSINESS WIRE)–Modern Media Acquisition Corp. (the “Company”) has announced the pricing of its initial public offering of 18 million units at an offering price of $10.00 per unit, each unit consisting of one share of the Company’s common stock, one right and one-half of one warrant.
Each whole warrant will entitle the holder thereof to purchase one share of the Company’s common stock at $11.50 per share.
Modern Media Acquisition Corp. 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.
The offering is expected to close on May 17, 2017 and the units are expected to begin trading on May 12, 2017 on the NASDAQ Capital Market (“NASDAQ”) under the symbol “MMDMU”.
A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission on May 11, 2017.
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 closing of the initial public offering, 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. (the “Company”) has announced the pricing of its initial public offering of 18 million units at an offering price of $10.00 per unit, each unit consisting of one share of the Company’s...