VMACU Vistas Media Acquisition Company Inc

Item 5.07. Submission of Matters to a Vote of Security Holders.

On January 19, 2022, Vistas Media Acquisition Company Inc. (the “Company”) held its special meeting (the “Special Meeting”) of shareholders. At the Special Meeting, the Company’s shareholders approved (1) the proposal to approve the business combination (the “Business Combination”), including the business combination agreement, dated March 3, 2021 (as may be amended, supplemented, or otherwise modified from time to time, the “Business Combination Agreement”), by and among Vistas Media Acquisition Company Inc. (“VMAC”), Anghami, a Cayman Islands exempted company (“Anghami”), Anghami Inc., a Cayman Islands exempted company and wholly-owned subsidiary of Anghami (“Pubco”), Anghami Vista 1, a Cayman Islands exempted company and wholly-owned subsidiary of Pubco (“Vistas Merger Sub”), and Anghami Vista 2, a Cayman Islands exempted company and wholly-owned subsidiary of Pubco (“Anghami Merger Sub”) (the “Business Combination Proposal”); (2) the proposal to approve, for purposes of complying with applicable listing rules of The Nasdaq Stock Market LLC (“Nasdaq Listing Rules”), the issuance of more than 20% of the current total issued and outstanding shares of VMAC Class A Common Stock (the “Nasdaq Proposal”) to the Subscribers of the PIPE Shares and to SHUAA Capital psc for services rendered in connection with the Business Combination; and (3) the proposal to adjourn the special meeting of stockholders to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the special meeting of stockholders, there are not sufficient votes to approve one or more proposals presented to stockholders for vote or the holders of VMAC’s Class A Common Stock (the “Public Stockholders”) have elected to redeem an amount of VMAC Class A Common Stock such that the minimum available cash condition to the obligation to closing of the Business Combination (as described below) would not be satisfied (the “Adjournment Proposal”). The affirmative vote of at least a majority of the outstanding shares of VMAC’s Class A common stock, par value $0.0001 per share (“VMAC Class A Common Stock”), and Class B common stock (“VMAC Class B Common Stock,” and together with the VMAC Class A Common Stock, the “VMAC Common Stock”) present and entitled to vote at the Special Meeting was required to approve the Business Combination Proposal.

Set forth below are the final voting results for the Business Combination Proposal, Equity Plan Proposal, and Adjournment Proposal.

Business Combination Proposal

The Business Combination Proposal was approved, approving the Business Combination, including the business combination agreement, dated as of March 3, 2021, by and among VMAC, Anghami, Pubco, Vistas Merger Sub and Anghami Merger Sub. The voting results of the VMAC Common Stock were as follows:

Nasdaq Proposal

The Nasdaq Proposal was approved, approving the issuance of more than 20% of the current total issued and outstanding shares of VMAC Class A Common Stock to the Subscribers of the PIPE Shares and to SHUAA Capital psc for services rendered in connection with the Business Combination. The voting results of the VMAC Common Stock were as follows:

Adjournment Proposal

The Adjournment Proposal was approved, approving the adjournment of the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the special meeting of stockholders, there are not sufficient votes to approve one or more proposals presented to stockholders for vote or the holders of VMAC’s Class A Common Stock have elected to redeem an amount of VMAC Class A Common Stock such that the minimum available cash condition to the obligation to closing of the Business Combination (as described above) would not be satisfied: