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      "text": "Notes: All figures are rounded. Excludes impact of out of money warrants and ESOPs. (1) Anghami existing shareholders are paid in a mix of cash and equity. (2) Assumes no redemptions. (3) Excludes transaction expenses. Source: Management estimates.",
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      "text": "Anghami to be merged with Vistas Media Acquisition Company Inc. (\"VMAC\"), a publicly listed special purpose acquisition company with $100 MM cash in trust. Transaction includes $40 MM of committed PIPE. Pro Forma Enterprise Value of $225 MM.",
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