{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-013588","form_type":"8-K","ticker":"IMAQ","cik":"0001846235","company_name":"International Media Acquisition Corp.","filed_at":"2023-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.006206+00:00","generated_at":"2026-06-09T04:57:53.096838+00:00","sec_items":["1.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"IMAQ's business combination with Reliance Entertainment Studios terminated by seller effective Oct 25","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-013588","json":"https://secwatch.observer/filing/0001654954-23-013588.json","markdown":"https://secwatch.observer/filing/0001654954-23-013588.md","text":"https://secwatch.observer/filing/0001654954-23-013588.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1846235/000165495423013588/0001654954-23-013588-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1846235/000165495423013588/imac_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T04:57:53.096838+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"470697cb1df76a83e8fef3e8795fc260fdffcb68","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1846235/000165495423013588/0001654954-23-013588-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Risee Entertainment Holdings Private Limited and Reliance Entertainment Studios Private Limited"},{"label":"Value","value":"Termination of agreement"},{"label":"Effective","value":"2023-10-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}