International Media Acquisition moves deal deadline to Oct 2
International Media Acquisition Corp. (IMAQ) disclosed that on August 24, 2026 it deposited $2,000 into its trust account as an extension payment under its Investment Management Trust Agreement.
Rhea-AI Filing Summary
International Media Acquisition Corp. (IMAQ) disclosed that on August 24, 2026 it deposited $2,000 into its trust account as an extension payment under its Investment Management Trust Agreement. This payment extends the deadline to consummate an initial business combination from September 2, 2026 to October 2, 2026 for an additional one-month period.
The company states this is the 21th of the twenty-four permitted extension letters under the Trust Agreement, indicating three potential monthly extensions remain.
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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, or exhibit attachments filed with this report.
Key Figures
Extension Payment deposit: $2,000
Extended Applicable Deadline: October 2, 2026
Prior Applicable Deadline: September 2, 2026
+2 more
5 metrics
Extension Payment deposit
$2,000
Amount deposited into the Trust Account on August 24, 2026 to extend the deadline
Extended Applicable Deadline
October 2, 2026
New date to consummate an initial business combination after one-month extension
Prior Applicable Deadline
September 2, 2026
Original deadline before the August 24, 2026 extension
Number of this Extension Letter
21th
Described as the 21th of the twenty-four Extension Letters under the Trust Agreement
Total permitted Extension Letters
twenty-four
Maximum number of Extension Letters referenced in the Trust Agreement
Key Terms
Investment Management Trust Agreement, Business Combination, Trust Account, Applicable Deadline, +1 more
5 terms
Investment Management Trust Agreement financial
"Pursuant to Section 1(j) of the Investment Management Trust Agreement between International Media Acquisition Corp."
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"
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 September 2, 2026 to October 2, 2026"
Extension Letter financial
"This Extension Letter shall serve as the notice required with respect to Extension"
FAQ
What did International Media Acquisition Corp. (IMAQ) announce on August 24, 2026?
International Media Acquisition Corp. announced it deposited $2,000 into its trust account to extend the deadline to complete an initial business combination from September 2, 2026 to October 2, 2026 under its Investment Management Trust Agreement.
How long is the new extension period for IMAQ’s business combination deadline?
The extension period is one (1) month, moving the Applicable Deadline for completing a Business Combination from September 2, 2026 to October 2, 2026 pursuant to the company’s Trust Agreement.
How much did IMAQ deposit to obtain this latest extension?
International Media Acquisition Corp. authorized the deposit of $2,000 into the Trust Account investments as the Extension Payment required to extend the Applicable Deadline by one month to October 2, 2026.
How many extension letters has IMAQ used so far?
The company states that this is the 21th of the twenty-four Extension Letters permitted under the Trust Agreement, meaning it has used 21 monthly extensions and may use up to three additional extensions.
Which agreement governs IMAQ’s extension and trust deposit?
The extension and the $2,000 trust deposit are governed by the Investment Management Trust Agreement between International Media Acquisition Corp. and Continental Stock Transfer & Trust Company, originally dated July 28, 2021 and amended on several later dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
