The merger between Anghami & SPAC company Vistas Media Acquisition (NASDAQ: VMAC) has been approved by the latter’s shareholders.
More Details🧐 98% of the votes were in favor of the merger, with the merger expected to close once “closing conditions” are finalized.
Anghami’s common stock can be found under the ticker “ANGH” once the deal is finalized.
Why is this Important🤔 The deal values Anghami at $220 million, & makes it the second Arab company to list on the NASDAQ in 25 years (Aramex was last), & the first Arab tech startup to do so.
Shares of VMAC soared more than 10% following the announcement.
