International Media Acquisition Corp
For the period ended Mar 31, 2024. Filed Aug 8, 2024.
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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.
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Statement of Cash Flows
| For the Year Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(814,487) | $(1,235,409) |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Interest and dividend income on investments held in trust account | (990,896) | (1,088,765) |
| Change in fair value of warrant liability | 7,172 | (119,535) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | 33,544 | 139,700 |
| Other receivable | (10,000) | |
| Accounts payable and accrued expenses | 281,958 | 898,728 |
| Income tax payable | 218,289 | 207,632 |
| Net cash provided by (used in) operating activities | (1,274,421) | (1,197,649) |
| Cash Flows from Investing Activities: | ||
| Cash deposited in Trust Account | (1,088,109) | (1,085,541) |
| Cash withdrawn from trust account to pay franchise tax | 324,668 | 245,266 |
| Cash withdrawn from trust account in connection with redemption | 11,368,921 | 210,980,523 |
| Net cash provided by (used in) investing activities | 10,605,480 | 210,140,248 |
| Cash Flows from Financing Activities: | ||
| Proceeds from loan - JC Unify | 1,062,232 | - |
| Proceeds from promissory note - related party | 319,459 | 1,930,541 |
| Advance from Sponsor | 656,913 | - |
| Redemption of common stock | (11,368,921) | (210,980,522) |
| Net cash provided by (used in) financing activities | (9,330,317) | (209,049,981) |
| Net Change in Cash | 742 | (107,382) |
| Cash - Beginning of period | 302 | 107,684 |
| Cash - End of period | $1,044 | $302 |
| Non-cash investing and financing activities | ||
| Accretion of Public Shares to redemption value | $2,011,747 | $1,264,548 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.