International Media Acquisition Corp. enters into $3M promissory note and $499,900 loan for pending merger

International Media Acquisition Corp.

Issued $3M unsecured promissory note to lender Wei-Hua Chang, convertible into units at $10.00 per unit before business combination close.
Promissory note proceeds used for working capital and to extend the period to consummate an initial business combination.
Entered $499,900 non-interest loan to VCI Holdings and Vietnam Biofuels Development for expenses directly related to the merger transaction.
Loan repayment due 30 days after termination of merger agreement or if parties cannot complete transaction, jointly and severally liable.
Merger agreement with VNB (Vietnam Biofuels) and VCI Holdings was previously disclosed on April 9, 2025.

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