International Media Acquisition Corp.
IMAQR·OTC·Trade & Services·CIK 0001846235
International Media Acquisition Corp. is a Delaware blank check company incorporated on January 15, 2021. The company was formed to complete a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company has entered into a Merger Agreement with various parties. As an early stage and emerging growth company, it is subject to risks associated with such companies. If International Media Acquisition Corp. does not complete a business combination by July 2, 2026 (or until January 2, 2027 if the date is fully extended), it will be required to dissolve and liquidate, unless stockholder approval is obtained to amend its certificate of incorporation to extend the date. The registration statement for the company's initial public offering was declared effective on July 28, 2021. On August 2, 2021, International Media Acquisition Corp. completed its initial public offering of 20,000,000 units at $10.00 per unit, generating gross proceeds of $200,000,000. Simultaneously, it sold 714,400 private units at $10.00 per private unit to Content Creation Media LLC, its prior sponsor, generating gross proceeds of $7,144,000. On August 6, 2021, following the underwriters' full exercise of their option to purchase up to 3,000,000 additional units, the company sold an additional 3,000,000 units at $10.00 per unit, generating gross proceeds of $30,000,000.