secwatch.observer — SEC 8-K summary
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Issuer:     International Media Acquisition Corp. (IMAQ)
CIK:        0001846235
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001654954-24-001387
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC IMAQ amends securities purchase agreement, gets $1.3M loan from JC Unify Capital
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846235/000165495424001387/0001654954-24-001387-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846235/000165495424001387/imac_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-001387

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