International Media Acquisition Corp. SEC Filings

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.

International Media Acquisition Corp. files an amended Form 10-K to replace its independent auditor’s report without changing underlying 2026 financials. The revision removes references to accumulated deficit figures, streamlines the going-concern language, and updates wording about U.S. accounting principles.

The filing also recaps IMAQ’s SPAC history, including its $230,000,000 IPO trust, multiple deadline extensions to pursue a business combination, and substantial redemptions by public shareholders. As of September 30, 2025, non-affiliate common stock had an aggregate market value of about $2,963,570, and 6,836,594 shares were outstanding as of June 25, 2026.

International Media Acquisition Corp., a SPAC, files its annual report describing progress toward a planned business combination with VCI Holdings and Vietnam Biofuels Development. The amended merger structure would give VCI shareholders 98,000,000 Class A and 2,000,000 Class B purchaser shares plus up to 27,000,000 earnout shares tied to share price, revenue and dividend targets.

The company has repeatedly extended its deal deadline, now allowing completion of a business combination by July 2, 2026, with potential extension to January 2, 2027, funded through sponsor-backed trust deposits and multiple related-party promissory notes. It also arranged an equity line of up to $300,000,000, with an option to increase to $500,000,000, to support the post‑merger capital needs.

International Media Acquisition Corp. extended the deadline to complete its initial business combination by one month. On May 29, 2026, the company deposited $2,000 into its trust account, moving the deadline from June 2, 2026 to July 2, 2026 under its Investment Management Trust Agreement.

This deposit represents the 18th of up to 24 monthly extension payments allowed, indicating the SPAC is continuing to use available time to seek a suitable target for a business combination rather than liquidating at the prior deadline.

International Media Acquisition Corp. entered into an amended and restated merger agreement with VCI Holdings, Ethanol Quang Nam, Vietnam Biofuels Development, Valix Limited and Newbio Merger Limited. The structure now includes a share purchase, a reincorporation merger and a redomestication to the British Virgin Islands.

VCI shareholders will sell all of their equity in exchange for 98,000,000 Purchaser Class A Ordinary Shares and 2,000,000 Purchaser Class B Ordinary Shares, plus additional closing, debt and commitment shares described in the agreement. Afterward, IMAQ will merge into a Purchaser subsidiary, and the surviving company will convert to a BVI business company.

Certain shareholders may earn up to 27,000,000 additional Purchaser Class A Ordinary Shares based on future share price, revenue and dividend milestones. Closing remains subject to shareholder approvals, effectiveness of a registration statement, regulatory clearances and other customary conditions, with no representations and warranties surviving closing.

International Media Acquisition Corp. has extended the deadline to complete its initial business combination by one month. On April 27, 2026, the company deposited $2,000 into its trust account, as an extension payment under its Investment Management Trust Agreement.

This payment moves the applicable deadline for closing a business combination from May 2, 2026 to June 2, 2026. According to the accompanying extension letter, this is the 17th of up to twenty-four one‑month extensions available, allowing the SPAC additional time to identify and consummate a target transaction.

International Media Acquisition Corp. deposited $2,000 into its trust account to obtain a one-month extension of the deadline to complete its initial business combination. The period to consummate a transaction is extended from April 2, 2026 to May 2, 2026 under its existing Trust Agreement. An accompanying extension letter notes that this is the 16th of up to 24 permitted one-month extensions.

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.

International Media Acquisition Corp. reported another quarterly loss while continuing to search for a merger partner and manage an extended SPAC timeline. For the nine months ended December 31, 2025, the company posted a net loss of $276,636 and basic and diluted loss per share of $0.04.

Cash had fallen to $0 with a working capital deficit of $7,117,454, while the trust account held $3,417,684. Management disclosed substantial doubt about the company’s ability to continue as a going concern and highlighted that its securities were delisted from Nasdaq and now trade over the counter. The filing also describes a proposed $1,000,000,000 business combination with VCI Holdings Limited and Vietnam Biofuels Development Joint Stock Company and a potential equity line of up to $300,000,000–$500,000,000 to fund the combined business, both subject to closing conditions.