International Media Acquisition Corp. (IMAQ) deposits $2,000 to extend deadline
Rhea-AI Filing Summary
International Media Acquisition Corp. deposited an $2,000 Extension Payment into its trust account on July 24, 2026. Under its Investment Management Trust Agreement, this extends the deadline to consummate an initial business combination from August 2, 2026 to September 2, 2026.
The company describes this as the 20th of the 24 permitted monthly extension letters, adding an additional one-month period to pursue a business combination with a target business before the next applicable deadline.
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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
Previous Applicable Deadline: August 2, 2026
New Applicable Deadline: September 2, 2026
+2 more
5 metrics
Extension Payment
$2,000
Deposit into the trust account on July 24, 2026 to extend deadline
Previous Applicable Deadline
August 2, 2026
Original deadline to consummate an initial business combination
New Applicable Deadline
September 2, 2026
Extended deadline after the July 24, 2026 Extension Payment
Extension Letters Used
20
This is the 20th of the twenty-four Extension Letters
Total Permitted Extension Letters
24
Total number of monthly extensions contemplated under the Trust Agreement
Key Terms
Investment Management Trust Agreement, Business Combination, Applicable Deadline, Trust Account
4 terms
Investment Management Trust Agreement financial
"Pursuant to Section 1(j) of the Investment Management Trust Agreement between"
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
"time available in order to consummate a Business Combination with the Target"
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.
Applicable Deadline regulatory
"with the Applicable Deadline extended from August 2, 2026 to September 2, 2026"
Trust Account financial
"authorize you to deposit $2,000, which will be wired to you, into the Trust Account"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What action did International Media Acquisition Corp. (IMAQ) take on July 24, 2026?
International Media Acquisition Corp. deposited an $2,000 Extension Payment into its trust account on July 24, 2026. This payment exercised a one-month extension provision, lengthening the time available to complete an initial business combination.
How much did IMAQ deposit into its trust account for the July 2026 extension?
IMAQ deposited $2,000 into its trust account as an Extension Payment. This deposit was made in accordance with the Investment Management Trust Agreement to secure an additional month to pursue a business combination.
To what date did IMAQ extend its business combination deadline?
The business combination deadline was extended from August 2, 2026 to September 2, 2026. This one-month extension follows the procedures set out in the Investment Management Trust Agreement governing the company’s trust account.
Under what agreement was the IMAQ extension payment made?
The extension payment was made under the Investment Management Trust Agreement between International Media Acquisition Corp. and Continental Stock Transfer & Trust Company. Section 1(j) of this agreement allows monthly extensions upon specified deposits into the trust account.
How many extension letters has IMAQ used and how many are permitted?
The company states that this is the 20th of 24 Extension Letters permitted. Each letter corresponds to a one-month extension of the deadline to complete a business combination, subject to the required deposit into the trust account.