secwatch.observer — SEC 8-K summary
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Issuer:     International Media Acquisition Corp. (IMAQ)
CIK:        0001846235
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001654954-24-002293
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846235/000165495424002293/0001654954-24-002293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846235/000165495424002293/imac_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-002293

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer