IMAQ CEO resigns; new CEO appointed; sponsor debt converted to shares; trust extended to April 2

International Media Acquisition Corp.

Shibasish Sarkar resigned as CEO and Class I director effective March 11, 2025; not due to disagreement.
Yu-Fang Chiu appointed CEO, CFO, and Chairman of the Board; previously President of Joint Consulting CO., LTD.
Sponsor to receive 206,656 shares in full settlement of $1.795M in promissory notes upon business combination.
Company deposited $2,000 to extend trust deadline from March 2, 2025 to April 2, 2025.
Indemnity agreements with Shibasish Sarkar and Vishwas Joshi terminated as buyer closing condition.

item 1.01 item 1.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Yu-Fang Chiu

Chief Executive Officer, Chief Financial Officer, and Chairman of the Board

IMAQ · International Media Acquisition Corp.

Effective: 2025-03-11
Filed: March 14, 2025, 7:59 PM ET

On March 11, 2025, the Board appointed Ms. Yu-Fang Chiu to serve as Chief Executive Officer, Chief Financial Officer, and Chairman of the Board, to serve until the Company’s annual meeting to be held in 2028 and until her successor is duly elected and qualified or until her earlier death, resignation or removal.

Departed

Shibasish Sarkar

Chief Executive Officer

IMAQ · International Media Acquisition Corp.

Effective: 2025-03-11
Successor: Yu-Fang Chiu
Filed: March 14, 2025, 7:59 PM ET

On March 11, 2025, Mr. Shibasish Sarkar notified International Media Acquisition Corp. (the “Company”) of his decision to resign as the Chief Executive Officer and as Class I director of the Company’s board of directors (the “Board”) effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Yu-Fang Chiu was appointed as Chief Executive Officer, Chief Financial Officer, and Chairman of the Board at International Media Acquisition Corp..

Action: appointed
Role: Chief Executive Officer, Chief Financial Officer, and Chairman of the Board

Exact text from the filing

On March 11, 2025, the Board appointed Ms. Yu-Fang Chiu to serve as Chief Executive Officer, Chief Financial Officer, and Chairman of the Board, to serve until the Company’s annual meeting to be held in 2028 and until her successor is duly elected and qualified or until her earlier death, resignation or removal.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Shibasish Sarkar resigned as Chief Executive Officer at International Media Acquisition Corp..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On March 11, 2025, Mr. Shibasish Sarkar notified International Media Acquisition Corp. (the “Company”) of his decision to resign as the Chief Executive Officer and as Class I director of the Company’s board of directors (the “Board”) effective immediately.

View on SEC.gov

International Media Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001213900-25-024202

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