---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-186051"
form_type: "8-K"
ticker: "IMAX"
cik: "0000921582"
company_name: "IMAX CORP"
filed_at: "2023-07-13T23:59:59+00:00"
generated_at: "2026-06-13T09:16:52.354854+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# IMAX offers HK$10/share to acquire remaining 28.4% of IMAX China, ~49% premium to 30-day average

## Summary
- Total consideration ~HK$965M ($124M) for 96.3M shares not already owned; HK$10 per share in cash.
- Premium of ~49% over 30-trading-day average closing price; expected close by December 31, 2023.
- IMAX China contributed $5M Adjusted EBITDA (18% of total) in Q1 2023; $38M in FY2022 despite COVID.
- Transaction funded via internal cash and/or external debt; subject to IMAX China shareholder and court approval.
- Upon completion, IMAX China becomes wholly owned; listing on HK Stock Exchange to be withdrawn.

## SEC filing metadata
- accession: 0001193125-23-186051
- form_type: 8-K
- ticker: IMAX
- cik: 0000921582
- company_name: IMAX CORP
- filed_at: 2023-07-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921582/000119312523186051/0001193125-23-186051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921582/000119312523186051/d503368d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-186051
- JSON: https://secwatch.observer/filing/0001193125-23-186051.json
- Plain text: https://secwatch.observer/filing/0001193125-23-186051.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.