Nasdaq Welcomes I-AM Capital Acquisition Company (Nasdaq: IAMXU) to The Nasdaq Stock Market
August 17 2017 - 12:33PM
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.”
The information contained above is provided for informational
and educational purposes only, and nothing contained herein should
be construed as investment advice, either on behalf of a particular
security or an overall investment strategy. Information about the
company is provided by the company or comes from the company’s
public filings and is not independently verified by Nasdaq.
Neither Nasdaq nor any of its affiliates makes any recommendation
to buy or sell any security or any representation about the
financial condition of any company. Statements regarding
Nasdaq-listed companies are not guarantees of future performance.
Actual results may differ materially from those expressed or
implied. Past performance is not indicative of future results.
Investors should undertake their own due diligence and carefully
evaluate companies before investing. ADVICE FROM A SECURITIES
PROFESSIONAL IS STRONGLY ADVISED.
About Nasdaq: Nasdaq (Nasdaq:NDAQ) is a leading
global provider of trading, clearing, exchange technology, listing,
information and public company services. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 90
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to approximately 3,900 total listings
with a market value of approximately $12 trillion. To learn more,
visit: http://business.nasdaq.com
- NDAQG -
Media Relations Contacts:
Stephanie Lowenthal
(646) 441-5073
Stephanie.Lowenthal@nasdaq.com
Emily Pan
(646) 441-5120
emily.pan@nasdaq.com
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Aug 2024 to Sep 2024
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Sep 2023 to Sep 2024