International Media Acquisition Corp. extends merger deadline with $2,000 deposit

International Media Acquisition Corp. (NASDAQ:IMAQ) announced Wednesday that it has deposited $2,000 into its trust account to extend the period to complete an initial business combination. The extension moves the deadline from December 2, 2025, to January 2, 2026. The $67.75 million market cap company currently trades at $9.91, down nearly 11% year-to-date. According to InvestingPro analysis, IMAQ appears slightly overvalued compared to its Fair Value.

According to a statement included in a Securities and Exchange Commission filing, the extension payment was made to provide the company with additional time to finalize a business combination transaction. International Media Acquisition Corp. is an emerging growth company incorporated in Delaware, with its principal executive offices located in Miami, Florida. InvestingPro data reveals the company is not profitable over the last twelve months, with short-term obligations exceeding liquid assets (Current Ratio: 0.01) and an overall financial health rating of WEAK.

The company’s securities, including common stock (NASDAQ:IMAQ), warrants (NASDAQ:IMAQW), rights (NASDAQ:IMAQR), and units (NASDAQ:IMAQU), are registered under Section 12(b) of the Securities Exchange Act of 1934.

This update is based on information disclosed in a press release statement filed with the SEC.

In other recent news, International Media Acquisition Corp. has extended the deadline for completing its initial business combination. According to recent filings with the SEC, the company deposited $2,000 into its trust account to facilitate this extension. The deadline has been moved from October 2, 2025, to November 2, 2025, and subsequently from November 2, 2025, to December 2, 2025. This extension allows International Media Acquisition Corp. additional time to identify and finalize a business combination. The company is classified as an emerging growth company and is incorporated in Delaware. The securities of International Media Acquisition Corp., including common stock, warrants, rights, and units, are registered under Section 12(b) of the Securities Exchange Act. These recent developments are part of the company’s ongoing efforts to complete its business objectives.

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