NEW YORK, Aug 18 (Bernama-GLOBE NEWSWIRE) --
I-AM Capital Acquisition Company (Nasdaq:IAMXU), a blank check company
formed for the purpose of effecting a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar business
combination with one or more businesses, celebrated its initial public
offering (IPO) on The Nasdaq Stock Market.
I-AM Capital’s
founders, Chief Executive Officer F. Jacob Cherian and Chief Financial
Officer Suhel Kanuga, have been focused on investing into India over the
last decade, with the distinction of completing the first listed-SPAC
investment in India.
”Through our keen focus and unique
accomplishments in India over the last decade, we have seen our
investment thesis bear fruit: India’s prominence and rise on the world
stage, its distinction as being one of the fastest growing major
economies of the world, and its strong vibrant consumer demographics. We
believe these factors are aligning well now, creating an exciting new
set of growth opportunities for U.S. investors in India,” said CEO F.
Jacob Cherian.
“I-AM Capital is focused on the fast growing
technology, consumer and financial services sectors in India and through
its Nasdaq listing offers US investors an innovative way to participate
in this exciting growth opportunity,” said CFO Suhel Kanuga.
“Nasdaq
congratulates and welcomes I-AM Capital Acquisition Company to join our
family of innovators,” said Nelson Griggs, Executive Vice President,
Head of Global Listings, Nasdaq. “I-AM Capital is the second Indian
focused SPAC to list on Nasdaq this year, making it the 18th SPAC to IPO
year to date joining the 34 successful business combinations completed
by SPACs listed on Nasdaq since 2010. We look forward to supporting I-AM
Capital’s continued growth and success.”
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About Nasdaq:
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- NDAQG -
Media Relations Contacts:
Stephanie Lowenthal
(646) 441-5073
Stephanie.Lowenthal@nasdaq.com
Emily Pan
(646) 441-5120
emily.pan@nasdaq.com
SOURCE : NASDAQ, Inc.
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