debt
confidence high
sentiment neutral
materiality 0.50
International Media Acquisition Corp. issues up to $600k promissory note and extends deadline to May 2, 2025
International Media Acquisition Corp.
- Issued unsecured promissory note for up to $600,000 to JC Unify Capital (Holdings) Limited on March 28, 2025.
- Note is convertible into units of common stock and rights at $10 per unit, convertible immediately prior to a business combination.
- Deposited $2,000 into trust account to extend deadline for initial business combination from April 2 to May 2, 2025.
- Proceeds will be used for working capital and to pay expenses including extension payments.