International Media Acquisition Corp.
For the period ended Mar 31, 2025. Filed Jul 15, 2025.
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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.
FY2025 · Filed Jul 15, 2025
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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Balance Sheet
BALANCE SHEETS
| March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $241,548 | $1,044 |
| Other receivable | 10,000 | 10,000 |
| Prepaid expenses | 17,583 | 18,956 |
| Total Current Assets | 269,131 | 30,000 |
| Investments held in Trust Account | 3,380,327 | 11,363,873 |
| Total Assets | $3,649,458 | $11,393,873 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses | $957,626 | $1,674,665 |
| Due to Prior Sponsor | 656,913 | 656,913 |
| Promissory notes- Prior Sponsor | 2,445,000 | 2,445,000 |
| Promissory notes - JC Unify | 2,659,713 | 1,062,232 |
| Excise tax payable | 91,920 | 113,689 |
| Income tax payable | 254,683 | 425,921 |
| Total Current Liabilities | 7,065,855 | 6,378,420 |
| - | - | |
| Deferred underwriting fee payable | 8,050,000 | 8,050,000 |
| Warrant liability | 18,330 | 31,079 |
| Total Liabilities | 15,134,185 | 14,459,499 |
| Commitments (see Note 6) | ||
| Common stock subject to possible redemption: 289,694 and 975,530, shares issued and outstanding at $11.62 and $11.20 redemption value as of March 31, 2025 and 2024, respectively | 3,367,192 | 10,926,852 |
| 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 289,694 and 975,530 shares subject to possible redemption as of March 31, 2025 and 2024, respectively) | 655 | 655 |
| Accumulated deficit | (14,852,574) | (13,993,133) |
| Total Stockholders’ Deficit | (14,851,919) | (13,992,478) |
| Total Liabilities and Stockholders’ Deficit | $3,649,458 | $11,393,873 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.