International Media Acquisition Corp.
IMAQU
Other OTC9.11
USD
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International Media Acquisition Corp.
IMAQU
(Other OTC)
Recent
price
9.11
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- International Media Acquisition Corp. (IMAQU) is a blank check company, or special purpose acquisition company (SPAC), with no significant current operations. The company focuses on pursuing mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses, primarily targeting the media and entertainment sector; it emphasizes opportunities in digitally available content companies. Incorporated in 2021 and headquartered in Miami, Florida, with prior addresses in North Brunswick, New Jersey, International Media Acquisition Corp. seeks targets across North America, Europe, and Asia (excluding China), serving investors through its publicly traded units, common stock (IMAQ), warrants (IMAQW), and rights (IMAQR) listed on Nasdaq. The company offers no proprietary products or services beyond its SPAC structure, which provides public market access to private media and entertainment firms via de-SPAC transactions; its units, comprising one share of common stock and one warrant exercisable at $11.50 for one-third of a share, facilitate investor participation in future combinations. Geographically, operations center in the United States, with a strategic focus on global media markets noted above. In recent developments, International Media Acquisition Corp. extended its deadline for completing an initial business combination multiple times, most notably depositing $2,000 into its trust account on November 26, 2025, to push the deadline from December 2, 2025, to January 2, 2026; prior extensions shifted timelines from October 2 to November 2, and then to December 2, 2025. These actions reflect ongoing efforts to identify and finalize a target, following an earlier announced but unconsummated deal with Vietnam Biofuels in 2022. Led by CEO and Chairman Yu-Fang Chiu, who also serves as Chief Financial Officer, the company maintains a trust account holding substantially all IPO proceeds from its 2021 offering of up to $230 million.
International Media Acquisition Corp. Announces the Separate Trading of its Common Stock, Rights and Warrants, Commencing August 17, 2021
International Media Acquisition Corp. Announces Closing of $200 Million Initial Public Offering
International Media Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering on NASDAQ