International Media Acquisition Corp.
For the period ended Mar 31, 2025. Filed Jul 15, 2025.
View on SEC.govAbout this filing
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.
See the whole filing, with its images and exhibitsContents
Statement of Cash Flows
| For the Year Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(408,107) | $(814,487) |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Interest and dividend income on investments held in trust account | (502,745) | (990,896) |
| Change in fair value of warrant liability | (12,749) | 7,172 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | 1,374 | 33,544 |
| Other receivable | - | (10,000) |
| Accounts payable and accrued expenses | (717,039) | 281,958 |
| Excise tax paid | (113,468) | - |
| Income tax payable | (171,238) | 218,289 |
| Net cash used in operating activities | (1,923,972) | (1,274,421) |
| Cash Flows from Investing Activities: | ||
| Cash deposited in Trust Account | (188,000) | (1,088,109) |
| Cash withdrawn from trust account to pay franchise tax | 754,995 | 324,668 |
| Cash withdrawn from trust account in connection with redemption | 7,919,296 | 11,368,921 |
| Net cash provided by investing activities | 8,486,291 | 10,605,480 |
| Cash Flows from Financing Activities: | ||
| Proceeds from loan - JC Unify | 1,597,481 | 1,062,232 |
| Proceeds from promissory note - related party | - | 319,459 |
| Advance from Prior Sponsor | - | 656,913 |
| Redemption of common stock | (7,919,296) | (11,368,921) |
| Net cash used in financing activities | (6,321,815) | (9,330,317) |
| Net Change in Cash | 240,504 | 742 |
| Cash - Beginning of period | 1,044 | 302 |
| Cash - End of period | $241,548 | $1,044 |
| Non-cash investing and financing activities | ||
| Accretion of Public Shares to redemption value | $359,636 | $2,011,747 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.