debt
confidence high
sentiment neutral
materiality 0.50
SPAC IMAQ amends securities purchase agreement, gets $1.3M loan from JC Unify Capital
International Media Acquisition Corp.
- First Amendment: Buyer to purchase 76% of sponsor securities, including 4.125M shares and 657,675 private placement units.
- Issued convertible promissory note up to $1.3M to JC Unify Capital; no interest, convertible at $10/unit.
- As additional consideration, company will issue 100,000 new units and 847,675 shares of common stock upon business combination close.
- Deposited $20,000 into trust to extend deadline from Feb 2 to Mar 2, 2024.
- Resignations of officers/directors effective 10 days after mailing Schedule 14F.