SPAC IMAQ shareholders approve extension to Jan 2027; $2,000 monthly deposit required

International Media Acquisition Corp.

Stockholders approved charter amendment extending business combination deadline up to 24 months to January 2, 2027.
Trust agreement amended; company deposited $2,000 for one-month extension to February 2, 2025.
685,836 shares redeemed at AGM, leaving 6,836,594 shares outstanding.
Shibasish Sarkar elected as director with 6,512,152 votes for.
All proposals passed with overwhelming support (over 99.8% of votes cast in favor).

item 5.07 item 1.01 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

International Media Acquisition Corp.: Amended certificate of incorporation to extend deadline for initial business combination from January 2, 2025 to January 2, 2027, with monthly extension deposits (effective 2024-12-31).

Change: charter amendment
Effective: 2024-12-31

Exact text from the filing

the Company filed a certificate of amendment to its amended and restated certificate of incorporation (the “Extension Charter Amendment”) which became effective upon filing on December 31, 2024. The Extension Charter Amendment extends the deadline by which IMAQ must consummate an initial business combination for twenty-four (24) additional one (1) month periods from January 2, 2025 to January 2, 2027

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International Media Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-114041

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