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IMAQ on OTC

International Media Acquisition Corp.

International Media Acquisition Corp. is an American motion picture and video tape production services company.1 It is headquartered in North Brunswick, New Jersey.1 Its shares trade on OTC under the symbol IMAQ.1

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Last updated Oct 21, 2026.

Overview

-$344.8KNet income, fiscal 20262

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  • TickerIMAQ on OTC1
  • IndustryServices-Motion Picture & Video Tape Production1
  • HeadquartersNorth Brunswick, New Jersey1
  • Incorporated inDE3
  • Business address1604 Hwy 130, North Brunswick, Nj 089023
  • Filer category, Emerging growth company3

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Private Units, at a price of $10.00 per Private Unit, in a private placement to the Prior Sponsor, generating gross proceeds of $825,000.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income5672-$461.0K in 2026−78% since 2021
-$3.0M-$2.0M-$1.0M02021: -$2.1M-$2.1M20212023: -$2.2M-$2.2M2023+7%2024: -$1.9M-$1.9M2024−15%2025: -$943.2K-$943.2K2025−50%2026: -$461.0K-$461.0K2026−51%
Net income5672-$344.8K in 2026−82% since 2021
-$3.0M-$2.0M-$1.0M02021: -$1.9M-$1.9M20212022: -$2.2M-$2.2M2022+17%2023: -$1.2M-$1.2M2023−44%2024: -$814.5K-$814.5K2024−34%2025: -$408.1K-$408.1K2025−50%2026: -$344.8K-$344.8K2026−16%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-03-312025-03-31
General and administrative expenses$331.2K$734.8K
Franchise tax expense$129.8K$208.4K
Loss from operations-$461.0K-$943.2K
Liabilities written back$142.3K
Change in fair value of warrant liability$7.1K$12.7K
Interest and dividend income on investments held in trust account$126.4K$502.7K
Loss before provision for income taxes-$327.5K-$285.4K
Provision for income taxes$17.3K$122.8K
Net loss-$344.8K-$408.1K
Weighted average shares outstanding, basic6.9M shares7.4M shares
Weighted average shares outstanding, diluted (in Shares)6.9M shares7.4M shares
Basic net loss per common share (in Dollars per share)-$0.05-$0.06
Diluted net loss per common share (in Dollars per share)-$0.05-$0.06

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Corporate structure

International Media Acquisition Corp. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of International Media Acquisition Corp.

  • Yu-Fang Chiu Filed SCHEDULE 13D on International Media Acquisition Corp., latest Mar 18, 2025
  • ATW SPAC MANAGEMENT LLC Filed SC 13G/A on International Media Acquisition Corp., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • MMCAP International Inc. SPC Filed SC 13G/A on International Media Acquisition Corp., latest Feb 14, 2023 (2 filings since Feb 7, 2022)
  • Nomura Holdings Filed SC 13G/A on International Media Acquisition Corp., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Polar Asset Management Partners Inc. Filed SC 13G/A on International Media Acquisition Corp., latest Feb 13, 2023 (2 filings since Feb 9, 2022)
  • BOOTHBAY FUND MANAGEMENT, LLC Filed SC 13G/A on International Media Acquisition Corp., latest Jan 31, 2023 (2 filings since Feb 10, 2022)
  • HIGHBRIDGE CAPITAL MANAGEMENT LLC Filed SC 13G/A on International Media Acquisition Corp., latest Jan 25, 2023 (2 filings since Feb 3, 2022)
  • D. E. SHAW & CO, L.P. Filed SC 13G/A on International Media Acquisition Corp., latest Feb 14, 2022
  • Shibasish Sarkar Filed SC 13G on International Media Acquisition Corp., latest Feb 14, 2022
  • Space Summit Capital LLC Filed SC 13G/A on International Media Acquisition Corp., latest Feb 3, 2022
  • International Media Acquisition Corp. North Brunswick, New Jersey

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What International Media Acquisition Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Deposits held (banks)$2.0K7 Mar 26, 2025$20.0K7 May 28, 2024−90.0%

Properties, in its own words

We currently maintain our principal executive offices at 1221 Brickell Avenue, Miami, FL, and our telephone number is 786-432-7588. We consider our current office space adequate for our current operations.

Item 2 of the 10-K filed Jun 25, 2026.4

Leadership

Who has led International Media Acquisition Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Shibasish Sarkar2021
  2. Yu-Fang Chiu2025–now

Chief financial officer

  1. Vishwas Joshi2021
  2. Yu-Fang Chiu2025–now
2025
Board members and other officers (16)

Timeline

  1. Sep 23, 20268-K Other events29
  2. Aug 24, 20268-K Other events30
  3. Jul 27, 20268-K Other events31
  4. Jun 26, 20268-K Other events32
  5. Jun 1, 20268-K Other events33
  6. May 5, 20268-K Entered a material agreement34
  7. Apr 27, 20268-K Other events35
  8. Mar 27, 20268-K Other events36
  9. Feb 26, 20268-K Other events37
  10. Jan 28, 20268-K Other events38
  11. Dec 29, 20258-K Other events39
  12. Nov 26, 20258-K Other events40
  13. Mar 20, 2025New chief executive Yu-Fang Chiu becomes CEO12
  14. Jul 28, 2021New chief executive Shibasish Sarkar becomes CEO13

Filings

158 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 68 major events, 11 insider forms, 16 large holders, 41 other. The latest 20:

  1. Sep 23, 20268-K CURRENT REPORT EDGAR
  2. Aug 24, 20268-K CURRENT REPORT EDGAR
  3. Aug 7, 202610-Q QUARTERLY REPORT EDGAR
  4. Jul 27, 20268-K CURRENT REPORT EDGAR
  5. Jun 26, 20268-K CURRENT REPORT EDGAR
  6. Jun 26, 202610-K/A AMENDMENT NO. 1 TO FORM 10-K EDGAR
  7. Jun 25, 202610-K ANNUAL REPORT EDGAR
  8. Jun 1, 20268-K CURRENT REPORT EDGAR
  9. May 5, 2026425 CURRENT REPORT EDGAR
  10. May 5, 20268-K CURRENT REPORT EDGAR
  11. Apr 27, 20268-K CURRENT REPORT EDGAR
  12. Mar 27, 20268-K CURRENT REPORT EDGAR
  13. Feb 26, 20268-K CURRENT REPORT EDGAR
  14. Feb 4, 202610-Q QUARTERLY REPORT EDGAR
  15. Jan 28, 20268-K CURRENT REPORT EDGAR
  16. Dec 29, 20258-K CURRENT REPORT EDGAR
  17. Nov 26, 20258-K CURRENT REPORT EDGAR
  18. Nov 13, 202510-Q QUARTERLY REPORT EDGAR
  19. Oct 27, 20258-K CURRENT REPORT EDGAR
  20. Sep 26, 20258-K CURRENT REPORT EDGAR

The 158 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How International Media Acquisition Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARInternational Media Acquisition Corp.1
  • CIK0001846235
  • Employer ID (EIN)86-16274604
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsMarch 311
  • Industry code (SIC)7812 Services-Motion Picture & Video Tape Production1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address1604 Hwy 130, North Brunswick, NJ 089021
  • Phone21296036771
  • Shares outstanding6,836,594 as of Aug 7, 202610
  • Public float$3.0M as of Sep 30, 20254
  • AuditorMercurius & Associates LLP, New Delhi, India PCAOB ID 3223; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceFeb 24, 20211
  • Filings204 in all: 8-K (71), 3 (20), 10-Q (16), SC 13G/A (11), CORRESP (9), SC 13G (9), DEFA14A (8), DEF 14A (7)1
    All 30 form types

    4 (6), UPLOAD (6), 10-K (5), PRE 14A (5), 425 (4), NT 10-Q (4), PRER14A (4), S-1/A (4), NT 10-K (2), 10-K/A (1), 10-QT (1), 25-NSE (1), 3/A (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), DRS (1), EFFECT (1), PREM14A (1), S-1 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Jun 25, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Dec 9, 2024
    Latest 8-K (8-K) Sep 23, 2026

Risk factors and legal proceedings

The risks International Media Acquisition Corp. names in Item 1A of its 10-K filed Jun 25, 2026: 38 risks under these headings, as written.4

  • We may undertake our Business Combination with an entity or business which is based in a foreign country and the laws and regulations of such foreign countries may not afford U.S. investors or regulatory agencies access to information normally available to them with respect to U.S. based entities.
  • If the PRC government deems that the contractual arrangements in relation to a potential China-based Target, and the VIE, do not comply with PRC regulatory restrictions on foreign investment in the relevant industries, or if these regulations or the interpretation of existing regulations change in the future, we could be subject to severe penalties or be forced to relinquish our interests in those operations.
  • The VIE Agreements under a VIE structure may not be as effective as direct ownership in respect of the relationship of the post-combination entity with the VIE, and thus, the post-combination entity may incur substantial costs to enforce the terms of the VIE Agreements, which the post-combination entity may not be able to enforce at all.
  • If we effect our initial business combination with a company with a VIE structure, any failure by the VIE or its shareholders to perform their obligations under the VIE Agreements would have a material and adverse effect on the post-combination entity’s business.
  • PRC regulations relating to offshore investment activities by PRC residents may limit the post-combination entity’s ability to inject capital in its Chinese subsidiaries, if any, and Chinese subsidiaries’ ability to change their registered capital or distribute profits to the post-combination entity or otherwise expose the post-combination entity or its PRC resident beneficial owners to liability and penalties under PRC laws.
  • Compliance with the PRC Antitrust law may limit our ability to effect our Business Combination.
  • Exchange controls that exist in the PRC may restrict or prevent us from using the proceeds of the IPO to acquire a China-based Target and limit our ability to utilize our cash flow effectively following our Business Combination.
  • Our Business Combination may be subject to national security review by the PRC government and we may have to spend additional resources and incur additional time delays to complete any such Business Combination or be prevented from pursuing certain investment opportunities.
  • Our Business Combination may be subject to a variety of PRC laws and other obligations regarding cybersecurity and data protection and we may have to spend additional resources and incur additional time delays to complete any such Business Combination or be prevented from pursuing certain investment opportunities.
  • In light of recent events indicating greater oversight by the CAC over data security, particularly for companies seeking to list on a foreign exchange, companies with more than one million users’ personal information in China, especially some internet and technology companies, may not be willing to list on a U.S. exchange or enter into a definitive business combination agreement with us.
  • PRC laws and regulations governing our post-combination entity’s business operations are sometimes vague and uncertain and any changes in such laws and regulations may impair our ability to operate profitably.
  • Changes in the policies, regulations, rules, and the enforcement of laws of the PRC government may be quick with little advance notice and could have a significant impact upon our ability to operate in the PRC.
The other 26 risks
  • We believe that the approval of the China Securities Regulatory Commission is not required
  • In the event we successfully consummated a Business Combination with a China-based Target, we will be subject to restrictions on dividend payments following consummation of our Business Combination.
  • If we make equity compensation grants to persons who are PRC citizens, they may be required to register with the SAFE. We may also face regulatory uncertainties that could restrict our ability to adopt equity compensation plans for our directors and employees and other parties under PRC laws.
  • Enhanced scrutiny over acquisition transactions by the PRC tax authorities may have a negative impact on potential acquisitions we may pursue in the future.
  • China’s economic, political and social conditions, as well as changes in any government policies, laws and regulations, could have a material adverse effect on our business or Business Combination.
  • Governmental control of currency conversion may affect the value of your investment.
  • If we become directly subject to the recent scrutiny, criticism and negative publicity involving U.S.-listed Chinese companies, we may have to expend significant resources to investigate and resolve the matter which could harm our business operations, process of searching for a target to consummate a Business Combination and our reputation and could result in a loss of your investment in our securities, especially if such matter cannot be addressed and resolved favorably.
  • Trading in our securities may be prohibited under the Holding Foreign Companies Accountable Act if the PCAOB determines that it cannot inspect or fully investigate the auditor of the combined company. In that case, our securities may be prohibited from being traded on a national securities exchange or in the over the counter trading market in the U.S., which may materially and adversely affect the value of your investment. Additionally, the inability of the PCAOB to conduct inspections may deprive our investors with the benefits of such inspections.
  • Other PRC governmental authorities may take the view now or in the future that an approval from them is required for an overseas offering by a company affiliated with Chinese businesses or persons or a Business Combination with a target business based in and primarily operating in China.
  • Uncertainties in the interpretation and enforcement of PRC laws and regulations and changes in policies, rules, and regulations in China, which may be quick with little advance notice, could limit the legal protection available to you and us.
  • You may experience difficulties in effecting service of legal process, enforcing foreign judgments, or bringing actions in China against us or our management based on foreign laws. It may also be difficult for you or overseas regulators to conduct investigations or collect evidence within China.
  • PRC regulation of loans to and direct investment in PRC entities by offshore holding companies and governmental control of currency conversion may delay or prevent us from using the proceeds it receives from offshore financing activities to make loans to or make additional capital contributions to any PRC subsidiaries, which could materially and adversely affect our liquidity and its ability to fund and expand business.
  • Uncertainties with respect to the PRC legal system could adversely affect us.
  • Our independent registered public accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability continue as a “going concern.”
  • Attractive targets may be more scarce, and the competition for these targets could intensify. This could increase the cost of our initial business combination and it could even result in our inability to find a target or to consummate an initial business combination.
  • We may not be able to complete the Business Combination since such initial business combination may be subject to U.S. foreign investment regulations and review by a U.S. government entity such as the Committee on Foreign Investment in the United States (“CFIUS”), or ultimately prohibited.
  • There are no assurances that we will be able to complete the Business Combination with the Target Group or an initial business combination.
  • If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete our initial business combination.
  • Changes to laws or regulations or in how such laws or regulations are interpreted or applied, or a failure to comply with any laws, regulations, interpretations or applications may adversely affect our business, including our ability to negotiate and complete our initial business combination.
  • The Company may be affected by the Excise Tax included in the Inflation Reduction Act of 2022.
  • Payment of the Excise Tax if the Company is subject to the Excise Tax.
  • We were required by the Nasdaq Listing Rules to consummate an initial business combination within 36 months of the effectiveness of our Initial Public Offering registration statement. As a result of our failure to consummate an initial business combination within this time period, our securities were delisted.
  • The Buyer, our insiders, officers, and directors, control a substantial interest in us and thus may influence certain actions requiring a stockholder vote.
  • If we seek stockholder approval of our business combination, our Sponsor, founders, directors, officers, and their affiliates may elect to purchase shares from stockholders, in which case they may influence a vote in favor of a proposed business combination that you do not support.
  • Our board of directors is divided into three classes and, therefore, our insiders will continue to exert control over us until the closing of a business combination.
  • Our management team is not experienced in pursuing business combinations on behalf of blank check companies.

Legal proceedings

We may be subject to legal proceedings, investigations and claims incidental to the conduct of our business from time to time. We are not currently a party to any material litigation or other legal proceedings brought against us. We are also not aware of any legal proceeding, investigation or claim, or other legal exposure that has a more than remote possibility of having a material adverse effect on our business, financial condition or results of operations.

The opening of Item 3, Legal Proceedings.4

Sources

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