Welcome to our dedicated page for International Me news (Ticker: IMAQ), a resource for investors and traders seeking the latest updates and insights on International Me stock.
International Media Acquisition Corp. (IMAQ) is a special purpose acquisition company (SPAC) focused on identifying strategic merger targets. This page provides investors with centralized access to official announcements, regulatory filings, and market-moving developments related to IMAQ's business combination efforts.
Track real-time updates on potential acquisitions, SEC disclosures, and investor communications. Our curated news feed ensures you never miss critical information about IMAQ's search for a merger partner, capital deployment strategies, or compliance milestones.
Key updates include merger target evaluations, shareholder meeting outcomes, and filings with regulatory bodies. All content is sourced directly from company releases and verified financial databases to maintain accuracy.
Bookmark this page for streamlined monitoring of IMAQ's progress toward completing a qualifying transaction. Return regularly to stay informed about this SPAC's evolving position in the corporate finance landscape.
VCI Biofuels Group, a Vietnamese ethanol producer, has signed a definitive merger agreement with International Media Acquisition Corp. (OTC: IMAQ) to become publicly listed on NASDAQ. The transaction values VCI Biofuels Group at an implied enterprise value of $1 billion.
The combined company will be renamed VI Energy. VCI Biofuels Group, established in 2014, specializes in producing fuel ethanol, solvent alcohol, and food alcohol in Vietnam. The merger aims to provide VCI Biofuels Group with access to capital markets and support its growth strategy.
Post-merger, the company plans to expand into the sustainable aviation fuel market, which is projected to reach $325 billion by 2030. The transaction is subject to regulatory approvals, IMAQ stockholder approval, and other customary closing conditions.
International Media Acquisition Corp. (IMAQ) has received a delisting notification from Nasdaq due to its failure to complete a business combination within 36 months of its IPO registration statement's effectiveness. The company also failed to timely file its Form 10-K for the year ended March 31, 2024. If delisted, IMAQ's securities are expected to trade over-the-counter. However, IMAQ intends to apply for Nasdaq listing in connection with a potential future business combination.
Despite the delisting notice, IMAQ has deposited $20,000 into its trust account to extend the deadline for completing an initial business combination from August 2, 2024, to September 2, 2024. The company emphasizes that the delisting of the SPAC should not prevent a combined entity from receiving initial listing approval on Nasdaq, assuming it meets the typical deSPAC company requirements.
Reliance Entertainment has announced a robust slate of upcoming shows as part of its streaming strategy. Known for hits like Netflix's “Sacred Games,” the company has greenlit 10 new shows and has four in production. Since entering the streaming space in 2018, it has produced 13 shows, including collaborations with major platforms like Disney+ Hotstar and Amazon Prime Video. Upcoming projects include 'Indian Police Force' and 'Jubilee,' among others. Reliance aims to create original content and adaptations in partnerships with creative talents, promising various engaging stories for a global audience.
International Media Acquisition Corp. (IMAQ) announced an extension of its deadline to finalize a business combination with Reliance Entertainment Studios and Risee Entertainment Holdings. The new deadline is May 2, 2023, with the option for additional one-month extensions until August 2, 2023. To support this extension, Content Creation Media LLC, the company's sponsor, will deposit
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