---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-002293"
form_type: "8-K"
ticker: "IMAQ"
cik: "0001846235"
company_name: "International Media Acquisition Corp."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:30:44.475243+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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).

## SEC filing metadata
- accession: 0001654954-24-002293
- form_type: 8-K
- ticker: IMAQ
- cik: 0001846235
- company_name: International Media Acquisition Corp.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846235/000165495424002293/0001654954-24-002293-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846235/000165495424002293/imac_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-002293
- JSON: https://secwatch.observer/filing/0001654954-24-002293.json
- Plain text: https://secwatch.observer/filing/0001654954-24-002293.txt

## Key facts
- Executive change
  Sanjay Wadhwa resigned as Director at International Media Acquisition Corp..
  - Action: resigned
  - Role: Director
  source text: on February 27, 2024, the Company received the resignation of Mr. Sanjay Wadhwa as Director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846235/000165495424002293/0001654954-24-002293-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846235/000165495424002293/0001654954-24-002293-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846235/000165495424002293/0001654954-24-002293-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.