International Media Acquisition Corp
For the period ended Mar 31, 2024. Filed Aug 8, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Aug 8, 2024
IMAQ$10.350.0%Stored close · as of Jul 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheet
BALANCE SHEETS
| March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $1,044 | $302 |
| Other receivable | 10,000 | - |
| Prepaid expenses | 18,956 | 52,500 |
| Total Current Assets | 30,000 | 52,802 |
| Investments held in Trust Account | 11,363,873 | 20,978,456 |
| Total Assets | $11,393,873 | $21,031,258 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses | $1,674,665 | $1,192,707 |
| Accrued expenses - related party | - | 200,000 |
| Due to related party | 656,913 | - |
| Promissory note- related party | 2,445,000 | 2,125,541 |
| Loan - JC Unify | 1,062,232 | - |
| Excise tax payable | 113,689 | - |
| Income tax payable | 425,921 | 207,632 |
| Total Current Liabilities | 6,378,420 | 3,725,880 |
| - | ||
| Deferred underwriting fee payable | 8,050,000 | 8,050,000 |
| Warrant liability | 31,079 | 23,907 |
| Total Liabilities | 14,459,499 | 11,799,787 |
| Commitments (see Note 6) | ||
| Common stock subject to possible redemption: 975,530 and 1,973,118, shares issued and outstanding at $11.20 and $10.28 redemption value as of March 31, 2024 and 2023, respectively | 10,926,852 | 20,284,026 |
| Stockholders’ Deficit | ||
| Preferred stock, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding | - | |
| Common stock, $0.0001 par value; 500,000,000 shares authorized; 6,546,900 shares issued and outstanding (excluding 975,530 and 1,973,118 shares subject to possible redemption as of March 31, 2024 and 2023, respectively) | 655 | 655 |
| Accumulated deficit | (13,993,133) | (11,053,210) |
| Total Stockholders’ Deficit | (13,992,478) | (11,052,555) |
| Total Liabilities and Stockholders’ Deficit | $11,393,873 | $21,031,258 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.