IMAQ issues $1M in promissory notes to JC Unify Capital; director Sanjay Wadhwa resigns

International Media Acquisition Corp.

$530,000 Promissory Note B and $470,000 Promissory Note C issued to JC Unify Capital, totaling $1,000,000.
Notes are non-interest bearing, due on demand or upon close/termination of business combination, convertible to units at $10.00.
Proceeds will fund working capital and extension payments for business combination timeline.
Director Sanjay Wadhwa resigned effective Feb 27, 2024, not due to any disagreement (in connection with Securities Purchase Agreement).

item 1.01 item 5.02 item 9.01

Executive movements

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Departed

Sanjay Wadhwa

Director

IMAQ · International Media Acquisition Corp.

Effective: 2024-02-27
Filed: February 28, 2024, 6:59 PM ET

on February 27, 2024, the Company received the resignation of Mr. Sanjay Wadhwa as Director of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sanjay Wadhwa resigned as Director at International Media Acquisition Corp..

Action: resigned
Role: Director

Exact text from the filing

on February 27, 2024, the Company received the resignation of Mr. Sanjay Wadhwa as Director of the Company.

View on SEC.gov

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

International Media Acquisition Corp. entered into Promissory Note B with JC Unify Capital (Holdings) Limited valued at aggregate principal amount of up to $530,000 (effective 2024-02-27).

Action: entry
Agreement: notes offering
Counterparty: JC Unify Capital (Holdings) Limited
Value: aggregate principal amount of up to $530,000
Effective: 2024-02-27

Exact text from the filing

On February 27, 2024, International Media Acquisition Corp. (the “ Company ”) issued an unsecured promissory note in the aggregate principal amount of up to $530,000 (the “ Promissory Note B ”) to JC Unify Capital (Holdings) Limited.

View on SEC.gov

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

International Media Acquisition Corp. entered into Promissory Note C with JC Unify Capital (Holdings) Limited valued at aggregate principal amount of up to $470,000 (effective 2024-02-27).

Action: entry
Agreement: notes offering
Counterparty: JC Unify Capital (Holdings) Limited
Value: aggregate principal amount of up to $470,000
Effective: 2024-02-27

Exact text from the filing

On February 27, 2024, the Company issued an unsecured promissory note in the aggregate principal amount of up to $470,000 (the “ Promissory Note C ”) to JC Unify Capital (Holdings) Limited.

View on SEC.gov

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International Media Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001654954-24-002293

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