International Media Acquisition Corp

International Media Acquisition Corp. is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on January 15, 2021 and is headquartered in North Brunswick, NJ.

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MUMBAI, India, and NEW YORK , Jan. 26, 2023 /PRNewswire/ --  International Media Acquisition Corp. ("IMAC" or the "Company") (NASDAQ: IMAQ), a special purpose acquisition corporation, today announced that in order to support its proposal to extend the date by which the Company must consummate a business combination (the "Extension") for an additional three (3) months, from February 2, 2023 to May 2, 2023, with an ability to further extend by three (3) additional one (1) month periods until August 2, 2023 (the "Extension Proposal") , the Company, and Content Creation Media LLC, the Company's Sponsor, have agreed that, if the Extension Proposal is approved, the Sponsor (or its affiliates or permitted designees) will deposit into the Trust Account $385,541.10 for the three-month extension and $128,513.70 for each subsequent one-month extension (the "Extension Payment") in exchange for a non-interest bearing, unsecured promissory note payable upon consummation of a business combination. In addition, the Company announced that it has postponed the Special Meeting of Stockholders scheduled to occur on January 26, 2023 (the "Special Meeting") until January 27, 2023.

International Media Acquisition Corp. Announces Additional Payments to be Contributed to Trust in Connection with Extension Proposal and Postponement of Special Meeting of Shareholders Until January 27, 2023

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