MODERN MEDIA ACQUISITION CORP. (NASDAQ:MMDMU) Files An 8-K Other Events
Item8.01
| Other Events |
On June2, 2017, Modern Media Acquisition Corp. (the Company)
announced that the holders of the Companys units (the Units) may
elect to separately trade their securities comprising the Units
commencing on June7, 2017. Each Unit consists of one share of
common stock, par value $0.0001 per share (Common Stock), one
right (Right), and one-half of one warrant (Warrant). Each Right
entitles the holder thereof to receive one-tenth of one share of
Common Stock (for no additional consideration) upon the
consummation of an initial business combination. Each whole
Warrant entitles the holder thereof to purchase one share of
Common Stock at a price of $11.50 per share, subject to
adjustment. No fractional Warrants will be issued upon separation
of the Units and only whole Warrants will be eligible to trade.
Those Units not separated will continue to trade on the NASDAQ
Capital Market under the symbol MMDMU, and each of the underlying
shares of Common Stock, Rights and Warrants will trade on the
NASDAQ Capital Market under the symbols MMDM, MMDMR and MMDMW,
respectively. Holders of the Units will need to have their
brokers contact Continental Stock Transfer and Trust Company, the
Companys transfer agent, in order to separate the Units into
Common Stock, Rights and Warrants.
| Item9.01. | Financial Statements and Exhibits |
(d) Exhibits
|
Number |
Exhibit |
|
| 99.1 | Press release dated June 2, 2017 |
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About MODERN MEDIA ACQUISITION CORP. (NASDAQ:MMDMU)
Modern Media Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, recapitalization or similar business combination with one or more businesses. The Company may pursue its initial business combination in any business, industry or geographic location, the Company intends to focus on opportunities to capitalize on the ability of its management team to identify, acquire and operate a business in the media, entertainment or marketing services industries. The Company intends to evaluate both private and public companies as potential initial business combination targets. As of March 8, 2017, the Company had conducted no operations and had generated no revenues. MODERN MEDIA ACQUISITION CORP. (NASDAQ:MMDMU) Recent Trading Information
MODERN MEDIA ACQUISITION CORP. (NASDAQ:MMDMU) closed its last trading session at with 5,180 shares trading hands.