- Business
- International Media Acquisition Corp. (IMAQ) is a blank check company focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting opportunities in the media and entertainment industry across North America, Europe, and Asia (excluding China). The company offers no current products or services beyond its SPAC structure, including common stock, warrants, rights, and units traded on Nasdaq under the symbols IMAQ, IMAQW, IMAQR, and IMAQU. Incorporated in 2021 and headquartered at 1604 US Highway 130 in North Brunswick, New Jersey, it operates in the financial services sector as a shell company with principal executive offices also referenced in Miami, Florida.
In recent developments, the company has repeatedly extended its deadline to complete an initial business combination, including a $2,000 deposit into its trust account on November 26, 2025, to move the deadline from December 2, 2025, to January 2, 2026, following prior monthly extensions from October and November 2025. Led by CEO and CFO Yu-Fang Chiu, with founder Shibasish Sarkar previously noted as CEO, IMAQ maintains a market capitalization around $70 million and trades on OTC Markets, reporting no revenue and ongoing net losses as of its latest quarterly filings. No acquisitions, partnerships, funding rounds, or product launches have been completed to date.