Hemisphere Media Group, Inc. announced the completion of a series of mergers in which it became the new parent company of Cine Latino, InterMedia Español Holdings, which includes WAPA America and WAPA TV — and Azteca Acquisition Corporation following the receipt of stockholder approval at Azteca’s Special Meeting of Stockholders and warrantholder approval at Azteca’s Special Meeting of Warrantholders 4/4.
Said Alan Sokol, CEO of Hemisphere: “Hemisphere represents the only pure-play Hispanic TV/cable network business, and is strongly positioned to benefit from the tremendous growth of the Hispanic market. We look forward to the continued development of these premier Spanish-language assets.”
–Cinelatino, the #1 U.S. Spanish-language cable movie network, with 12 million subscribers across the U.S., Latin America and Canada. Cinelatino boasts the largest library of current Spanish-language box office hits and critical favorites;
–WAPA America, the leading U.S. Spanish-language cable network targeting Puerto Ricans and other Caribbean Hispanics living in the U.S, with over 5 million subscribers; and
–WAPA TV, the #1 broadcast television network and content producer in Puerto Rico, with state-of-the-art facilities that produce over 60 hours per week of top-rated news and entertainment programming.
Effective 4/5, shares of Hemisphere Class A common stock and warrants to purchase Class A common stock will trade on the Over-the-Counter Bulletin Board quotation system (“OTCBB”) under the symbols “HMTVA” and “HMTVW,” respectively. Hemisphere has applied to list its shares of Class A common stock on The Nasdaq Stock Market. NASDAQ has informed Hemisphere it has not yet satisfied the requisite round lot holder requirement necessary for listing on NASDAQ, but Hemisphere believes it will be able to satisfy the round lot holder requirement promptly following the closing.