Singapore’s VMAC seeks $100m merger
August 10, 2020
By Chris Forrester
Vistas Media Acquisition (VMAC) is being listed on the NASDAQ exchange in New York and with the objective of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganisation or similar business combination with one or more businesses.
VMAC is a Special Purpose Acquisition Company (SPAC) and will likely have around $100 million for investment.
Vistas Media Capital (VMC), the parent of VMAC, is a Singapore-based fully integrated content media and entertainment investment holding company. The company’s key businesses include content production & distribution across Films – from Hollywood to Bollywood and Series, live entertainment events and digital media marketing. VMC also owns multiple intellectual properties (IPs) across film festivals and film awards in Asia, such as the Singapore South Asian International Film Festival and the Singapore South Asian Film Market (SAFM). It also co-owns the IP of the prestigious Critics Choice Film Awards (CCFA) and Critics Choice Short & Series Awards (CCSSA), jointly with Group M’s Motion Content Group & Film Critics Guild of India , which is India’s first registered association of film critics.
VMAC is led by CEO F. Jacob Cherian and Co-Founders Abhayanand Singh and Saurabh Gupta. Cherian is the former chief executive officer of two NASDAQ listed SPACs, with prior work experience at JP Morgan & Co., KPMG LLP and Computer Sciences Corp. Singh is the Group CEO of Vistas Media Capital Pte. Ltd.
Gupta is the MD of M! Capital Ventures (Singapore) and the Managing Partner of The Asian Film Fund – Series 1 (Mauritius), two media investment firms with investments in over 12 films over the past five years. Gupta has also been the co-producer of several films in India and Hollywood, which are currently in varying stages of production.