International Media Acquisition Corp. extends business combination deadline

International Media Acquisition Corp. (NASDAQ:IMAQ), currently trading at $10.54 with a market capitalization of $72 million, made a deposit of $2,000 on Monday to its trust account, extending the period to complete its initial business combination from September 2, 2025, to October 2, 2025. The company disclosed the extension payment in a statement included with its filing to the Securities and Exchange Commission. According to InvestingPro analysis, the company’s financial health score stands at 1.62, indicating potential challenges ahead.

International Media Acquisition Corp. holds common stock (NASDAQ:IMAQ), warrants (NASDAQ:IMAQW), rights (NASDAQ:IMAQR), and units (NASDAQ:IMAQU), according to the filing. The extension allows the company additional time to pursue a business combination, as outlined in its original terms.

This information is based on a press release statement included in the company’s SEC filing.

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