Item 8.01. Other Events.
On November 4, 2021, Vistas Media Acquisition
Company Inc. (“VMAC” or the “Company”) issued a press release (the “Press Release”), announcing that,
on November 3, 2021, its sponsor, Vistas Media Sponsor, LLC (the “Sponsor”), requested that VMAC extend the date by which
VMAC has to consummate a business combination from November 11, 2021 to February 11, 2022 (the “Extension”). The Extension
is the second of two three-month extensions permitted under VMAC’s governing documents. In connection with such Extension, the Sponsor
has notified VMAC that it intends to cause an aggregate of $1,000,000 (the “Extension Payment”) to be deposited into VMAC’s
trust account on or before November 11, 2021. The Extension provides VMAC with additional time to complete its proposed business combination
with Anghami Inc. (“Anghami”), the leading music streaming platform and service in the Middle East and North Africa. A copy
of the press release is filed as Exhibit 99.1 hereto.
Important Information About the Business Combination and Where
to Find It
In connection with the proposed business combination,
Anghami has filed a Registration Statement on Form F-4, including a preliminary proxy statement/prospectus and a definitive proxy statement/prospectus
with the SEC. VMAC’s stockholders and other interested persons are advised to read the preliminary proxy statement/prospectus and
the amendments thereto and the definitive proxy statement/prospectus, when available, and documents incorporated by reference therein
filed in connection with the proposed business combination, as these materials will contain important information about Anghami, VMAC,
and the proposed business combination. When available, the definitive proxy statement/prospectus and other relevant materials for the
proposed business combination will be mailed to stockholders of VMAC as of November 4, 2021, the record date for voting on the proposed
business combination. Stockholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy
statement/prospectus, and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available,
at the SEC’s website at www.sec.gov, or by directing a request to: fjc@vmac.media.
Participants in the Solicitation
The Company and its directors and executive officers
may be deemed participants in the solicitation of proxies from the Company’s stockholders with respect to the business combination.
A list of the names of those directors and executive officers and a description of their interests in the Company is included in the Company’s
proxy statement/prospectus for the proposed business combination and is available free of charge at the SEC’s web site at www.sec.gov,
or by directing a request to Vistas Media Acquisition Company Inc., 30 Wall Street, 8th Floor, New York, NY 10005, (212) 859-3525. Additional
information regarding the interests of such participants are contained in the proxy statement/prospectus for the proposed business combination.
Anghami and its directors and executive officers
may also be deemed to be participants in the solicitation of proxies from the stockholders of the Company in connection with the business
combination. A list of the names of such directors and executive officers and information regarding their interests in the business combination
is included in the proxy statement/prospectus for the proposed business combination.
Forward-Looking Statements
This Current Report on Form 8-K includes “forward-looking
statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.
The Company’s and Anghami’s actual results may differ from their expectations, estimates and projections and consequently,
you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,”
“project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,”
“may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,”
“continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements
include, without limitation, the satisfaction of the closing conditions to the proposed business combination, and the timing of the completion
of the proposed business combination. These forward-looking statements involve significant risks and uncertainties that could cause the
actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside VMAC’s
and Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1)
the occurrence of any event, change, or other circumstances that could give rise to the termination of the definitive merger agreement
(the “Agreement”); (2) the outcome of any legal proceedings that may be instituted against VMAC and Anghami following the
announcement of the Agreement and the transactions contemplated therein; (3) the inability to complete the proposed business combination,
including due to failure to obtain approval of the stockholders of VMAC and Anghami, certain regulatory approvals, or satisfy other conditions
to closing in the Agreement; (4) the occurrence of any event, change, or other circumstance that could give rise to the termination of
the Agreement or could otherwise cause the transaction to fail to close; (5) the impact of COVID-19 on Anghami’s business and/or
the ability of the parties to complete the proposed business combination; (6) the risk that the proposed business combination disrupts
current plans and operations as a result of the announcement and consummation of the proposed business combination; (7) costs related
to the proposed business combination; (8) changes in applicable laws or regulations; (9) the possibility that Anghami or VMAC may be adversely
affected by other economic, business, and/or competitive factors; and (10) other risks and uncertainties indicated from time to time in
the final prospectus of VMAC for its initial public offering, including those under “Risk Factors” therein, and in VMAC’s
other filings with the SEC. VMAC cautions that the foregoing list of factors is not exclusive. VMAC cautions readers not to place undue
reliance upon any forward-looking statements, which speak only as of the date made. VMAC does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or
any change in events, conditions, or circumstances on which any such statement is based.
No Offer or Solicitation
This Current Report on Form 8-K shall not constitute
a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the business combination. This Current
Report on Form 8-K shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus
meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.