International Media Acquisition (IMAQ) makes $2,000 deposit to extend deadline
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
International Media Acquisition Corp. extended its deadline to complete an initial business combination by one month. On February 25, 2026, the company deposited $2,000 into its trust account to move the deadline from March 2, 2026 to April 2, 2026.
The accompanying extension letter to Continental Stock Transfer & Trust Company notes this is the 15th of up to 24 possible monthly extensions under the company’s Investment Management Trust Agreement.
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.
FAQ
What did International Media Acquisition Corp. (IMAQ) disclose in this 8-K filing?
International Media Acquisition Corp. disclosed that it deposited $2,000 into its trust account to extend the deadline to complete a business combination from March 2, 2026 to April 2, 2026, in accordance with its existing Investment Management Trust Agreement.
How much did IMAQ deposit to extend its business combination deadline?
IMAQ deposited $2,000 into its trust account as an extension payment. This deposit allows the company to extend the time available to consummate a business combination by one month, shifting the applicable deadline from March 2, 2026 to April 2, 2026 under the trust agreement.
How long is International Media Acquisition Corp.’s extension period?
The extension period is one month. By making the $2,000 extension payment, International Media Acquisition Corp. moved its deadline to complete a business combination from March 2, 2026 to April 2, 2026, as permitted under its Investment Management Trust Agreement with Continental Stock Transfer & Trust Company.
Where does the IMAQ extension payment get deposited?
The extension payment is deposited into International Media Acquisition Corp.’s trust account. The company authorized Continental Stock Transfer & Trust Company to place the wired $2,000 into trust account investments in line with the terms of their Investment Management Trust Agreement dated July 28, 2021, as amended.
How many extension letters has International Media Acquisition Corp. used so far?
The extension letter states that this is the 15th of 24 possible extension letters. Each letter corresponds to an additional one-month period to complete a business combination, as outlined in the Investment Management Trust Agreement between International Media Acquisition Corp. and Continental Stock Transfer & Trust Company.
Who signed the extension letter and 8-K for International Media Acquisition Corp.?
Both the extension letter and the 8-K were signed by Yu-Fang Chiu. In the 8-K signature block, Yu-Fang Chiu is identified as Chief Executive Officer and Chief Financial Officer of International Media Acquisition Corp., acting on behalf of the company for these actions.