IMAQ's business combination with Reliance Entertainment Studios terminated by seller effective Oct 25

International Media Acquisition Corp.

Seller Risee Entertainment Holdings terminated the Stock Purchase Agreement for IMAQ's acquisition of Reliance Entertainment Studios, effective Oct 25, 2023.
IMAQ and the target acknowledged and accepted the termination; no liabilities incurred by any party.
The termination letter also voids all Additional Agreements defined under the SPA.
IMAQ now must seek an alternative target or face potential liquidation under SPAC rules.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

International Media Acquisition Corp. terminated Stock Purchase Agreement with Risee Entertainment Holdings Private Limited and Reliance Entertainment Studios Private Limited valued at Termination of agreement (effective 2023-10-25).

Action: termination
Agreement: merger
Counterparty: Risee Entertainment Holdings Private Limited and Reliance Entertainment Studios Private Limited
Value: Termination of agreement
Effective: 2023-10-25

Exact text from the filing

The Seller has terminated the SPA with immediate effect, and the Target Company & IMAQ have acknowledged and accepted vide termination letter dated October 25, 2023 (“ Termination Letter ”) received by IMAQ on October 26, 2023, without any liability to any of the parties involved.

View on SEC.gov

755 material agreements filed in the last 30 days. Browse all material agreements →

International Media Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001654954-23-013588

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.