8-K
filed January 8, 2024, 6:59 PM ET
ticker IMAQ
CIK 0001846235
other material
confidence high
sentiment neutral
materiality 0.50
IMAQ shareholders approve extension to Jan 2025; ~934k shares redeemed
International Media Acquisition Corp.
- Shareholders approved charter amendment extending deadline for initial business combination to Jan 2, 2025, with monthly $20k trust deposits.
- Approved trust agreement amendment to permit up to 12 one-month extensions; first $20k deposit made to extend to Feb 2, 2024.
- Approved NTA charter amendment to expand methods to avoid penny stock classification under Rule 419.
- Stockholders redeemed 934,193 shares (approx 11% of outstanding) in connection with the special meeting.
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 0.95
International Media Acquisition Corp.: Expanded methods to avoid being deemed a 'penny stock' under Rule 419 (effective 2024-01-08).
- Change
- charter amendment
- Effective
- 2024-01-08
Exact text from the filing
Stockholders also approved an amendment to the amended and restated certificate of incorporation (the “ NTA Charter Amendment ”) to expand the methods by which the Company may avoid being deemed a “penny stock” under the Rule 419 under the Securities Exchange Act of 1934, as amended.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
International Media Acquisition Corp.: Extended the deadline to consummate an initial business combination by twelve additional one-month periods from January 2, 2024 to January 2, 2025, with a deposit of $20,000 per extension (effective 2024-01-08).
- Change
- charter amendment
- Effective
- 2024-01-08
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. The Extension Charter Amendment extended the deadline by which IMAQ must consummate an initial business combination for twelve (12) additional one (1) month periods from January 2, 2024 to January 2, 2025 provided that, in connection with each one-month extension, a deposit of $20,000 is made into the Trust Account
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
International Media Acquisition Corp. amended Investment Management Trust Agreement Amendment with Continental Stock Transfer & Trust Company valued at Amendment to Investment Management Trust Agreement (effective 2024-01-02).
- Action
- amendment
- Counterparty
- Continental Stock Transfer & Trust Company
- Value
- Amendment to Investment Management Trust Agreement
- Effective
- 2024-01-02
Exact text from the filing
the Company and Continental Stock Transfer & Trust Company entered into an amendment, dated January 2, 2024, to the Investment Management Trust Agreement, dated July 28, 2021, and as amended on July 26, 2022, January 27, 2023 and July 31, 2023, by and between Continental Stock Transfer & Trust Company and IMAQ (the “ IMTA Amendment ”)
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
International Media Acquisition Corp. shareholders approved Trust Amendment Proposal at the 2024-01-02 meeting.
- Outcome
- passed
- Meeting
- 2024-01-02
Exact text from the filing
On January 2, 2024 at 9:30a.m. Eastern Time, International Media Acquisition Corporation (“IMAQ” or the “Company”) held a special meeting of stockholders (the “ Special Meeting ”) at which the stockholders voted as set forth below on the following proposals pursuant to the definitive proxy statement, filed by the Company with the Securities and Exchange Commission on December 19, 2023 and mailed by the Company to its stockholders on or about December 20, 2023 (the “Proxy Statement”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
International Media Acquisition Corp. shareholders approved NTA Requirement Proposal at the 2024-01-02 meeting.
- Outcome
- passed
- Meeting
- 2024-01-02
Exact text from the filing
On January 2, 2024 at 9:30a.m. Eastern Time, International Media Acquisition Corporation (“IMAQ” or the “Company”) held a special meeting of stockholders (the “ Special Meeting ”) at which the stockholders voted as set forth below on the following proposals pursuant to the definitive proxy statement, filed by the Company with the Securities and Exchange Commission on December 19, 2023 and mailed by the Company to its stockholders on or about December 20, 2023 (the “Proxy Statement”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
International Media Acquisition Corp. shareholders approved Charter Amendment Proposal at the 2024-01-02 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-01-02
Exact text from the filing
On January 2, 2024 at 9:30a.m. Eastern Time, International Media Acquisition Corporation (“IMAQ” or the “Company”) held a special meeting of stockholders (the “ Special Meeting ”) at which the stockholders voted as set forth below on the following proposals pursuant to the definitive proxy statement, filed by the Company with the Securities and Exchange Commission on December 19, 2023 and mailed by the Company to its stockholders on or about December 20, 2023 (the “Proxy Statement”).
View on SEC.gov
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