International Media Acquisition Corp. Announces Extension to Complete Business Combination

Miami, FL – March 27, 2026 – International Media Acquisition Corp. (“IMAQ” or the “Company”) has announced a key development that could impact its future trajectory and may be of significant interest to investors and shareholders.

Key Points from the Report

• Extension of Deadline: IMAQ has officially extended the deadline to complete its business combination with a target company by an additional one (1) month. The new deadline is now May 2, 2026, moved from the previous deadline of April 2, 2026.
• Trust Account Contribution: In accordance with the terms of its Trust Agreement, IMAQ will deposit an additional \$2,000 into its trust account. This amount will be wired and invested upon receipt.
• Procedural Update: This marks the 16th out of a possible 24 monthly extensions allowed under the current trust agreement framework.
• Corporate Governance: The extension notice was formally authorized and executed by Yu-Fang Chiu, the Chief Executive Officer of IMAQ, and communicated to Continental Stock Transfer & Trust Company, the trustee of the company’s trust account.

Investor and Shareholder Considerations

• Business Combination Progress: The extension signals that IMAQ has not yet finalized a business combination with its target. While the company remains committed to completing a deal, the extended timeline may raise questions about the status of ongoing negotiations or the ability to secure a suitable partner.
• Potential Share Price Sensitivity: Any extension of the deadline for a SPAC (Special Purpose Acquisition Company) to consummate a business combination can be price sensitive. Shareholders may interpret additional extensions as either a prudent move to secure a favorable deal or as a potential sign of challenges in finalizing a transaction.
• Financial Implications: The continued monthly contributions to the trust account are a positive sign for redemption value preservation, as the trust account grows with each extension. Investors focused on the SPAC’s net asset value (NAV) and redemption price should take note.
• Limited Extension Periods Remaining: As this is the 16th extension out of 24, IMAQ has up to 8 more monthly extensions available before it would be required to either consummate a business combination or begin the process of liquidating the trust and returning funds to shareholders.

What’s Next?

Shareholders and investors should closely monitor further announcements from IMAQ regarding progress toward a business combination. Any definitive agreement or material update regarding a target business could have a significant impact on the company’s share price. The current extension provides additional time for negotiations but does not guarantee that a deal will ultimately be reached.

Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with a professional financial advisor before making any investment decisions. The information provided is based on the latest publicly available filings and may be subject to change.

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