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International Media Acquisition Corp. (NASDAQ: IMAQU) filed an 8-K on June 26 2025 announcing a routine deadline extension for its SPAC business-combination timeline. The company deposited $2,000 into the trust account, allowing the period to consummate an initial business combination to move from July 2 2025 to August 2 2025. No other financial data, counterparties, or transaction terms were disclosed. The filing contains no changes to capital structure or governance, and no impact on the rights, warrants, or units trading over-the-counter.
The payment is in line with the SPAC’s existing extension mechanism and signals that management continues to seek a suitable target. Investors should note that each additional extension marginally increases carrying costs while prolonging the timeline to potential deal completion.
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