International Media Acquisition (IMAQ) adds one-month SPAC deal extension
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
International Media Acquisition Corp. deposited $2,000 into its trust account to extend the deadline to complete an initial business combination from July 2, 2026 to August 2, 2026.
The payment is made under the company’s Investment Management Trust Agreement and is described as the 19th of up to twenty-four one‑month extensions available to complete a business combination with a target business.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Extension Payment: $2,000
Extension period: July 2, 2026 to August 2, 2026
Number of extensions used: 19th Extension Letter
+1 more
4 metrics
Extension Payment
$2,000
Deposit into trust account for one-month extension
Extension period
July 2, 2026 to August 2, 2026
New deadline to consummate initial business combination
Number of extensions used
19th Extension Letter
Out of twenty-four permitted under Trust Agreement
Maximum extensions
Twenty-four Extension Letters
Total one-month extensions available under Trust Agreement
Key Terms
Investment Management Trust Agreement, Business Combination, Trust Account, Applicable Deadline
4 terms
Investment Management Trust Agreement financial
"Pursuant to Section 1(j) of the Investment Management Trust Agreement between International Media Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company"
A written contract that names who will run and make investment decisions for a trust’s assets, spells out their authority, duties, fees and how performance and risks will be handled. It matters to investors because it defines who is responsible for growing and protecting the money—like hiring a caretaker with a clear job description—and sets the rules and safeguards that affect returns, costs and how disputes or withdrawals are resolved.
Business Combination financial
"extending the time available in order to consummate a Business Combination with the Target Business"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
Trust Account financial
"authorize you to deposit $2,000, which will be wired to you, into the Trust Account investments upon receipt"
A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.
Applicable Deadline financial
"with the Applicable Deadline extended from July 2, 2026 to August 2, 2026"
FAQ
What did International Media Acquisition Corp. (IMAQ) announce on June 26, 2026?
International Media Acquisition Corp. announced a trust account deposit to extend its deal deadline. The company deposited $2,000 to move its business combination deadline from July 2, 2026 to August 2, 2026 under its Investment Management Trust Agreement.
How much did IMAQ deposit to extend its business combination deadline?
IMAQ deposited $2,000 into its trust account to obtain a one‑month extension. This Extension Payment is made pursuant to the Investment Management Trust Agreement and allows the company additional time to consummate a business combination with a target business.
To what date did IMAQ extend its business combination deadline?
IMAQ extended its applicable business combination deadline to August 2, 2026. The prior deadline was July 2, 2026, and the extension is for one additional month as permitted under the company’s Investment Management Trust Agreement with Continental Stock Transfer & Trust Company.
How many extensions has IMAQ used under its trust agreement?
IMAQ states this is the 19th of the twenty‑four Extension Letters allowed. Each Extension Letter represents a one‑month extension to complete a business combination, made in accordance with the Investment Management Trust Agreement with Continental Stock Transfer & Trust Company.
Who signed the IMAQ extension notice and 8-K filing?
The extension letter and related filing were signed by Yu‑Fang Chiu. Chiu is identified as Chief Executive Officer and Chief Financial Officer of International Media Acquisition Corp., and authorized the $2,000 deposit into the trust account to effect the one‑month deadline extension.