secwatch.observer — SEC 8-K summary
======================================

Issuer:     International Media Acquisition Corp. (IMAQ)
CIK:        0001846235
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001213900-24-065129
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC International Media Acquisition faces Nasdaq delisting; deposits $20k to extend deadline
--------------------------------------------------------------------------------

- Received Nasdaq delisting notice for failing to complete initial business combination within 36 months.
- Also non-compliant with filing rule due to unfiled FY2024 10-K; separate basis for delisting.
- Trading suspension set for Aug 8, 2024 if hearing not requested by Aug 6, 2024.
- On Aug 5, 2024 deposited $20,000 into trust to extend combination deadline to Sep 2, 2024.
- Securities expected to trade OTC if delisted; company intends to reapply to Nasdaq upon closing a deal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846235/000121390024065129/0001213900-24-065129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846235/000121390024065129/ea0210569-8k_intern.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-065129

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer