International Media Acquisition Corp. Files Q2 2024 10-Q
Ticker: IMAQW · Form: 10-Q · Filed: Sep 3, 2024 · CIK: 1846235
Sentiment: neutral
Topics: 10-Q, quarterly-report, filing
TL;DR
IMAC filed its Q2 10-Q, showing operational status for the period ending June 30, 2024.
AI Summary
International Media Acquisition Corp. filed its 10-Q for the quarterly period ended June 30, 2024. The company, incorporated in Delaware, is involved in the motion picture and video tape production industry. Its principal executive offices are located at 1604 US Highway 130, North Brunswick, NJ.
Why It Matters
This filing provides investors with an update on the financial performance and operational status of International Media Acquisition Corp. during the second quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial and operational information.
Key Players & Entities
- International Media Acquisition Corp. (company) — Registrant
- June 30, 2024 (date) — Quarterly period end date
- 001-40687 (other) — Commission File Number
- 1604 US Highway 130, North Brunswick, NJ 08902 (location) — Principal executive offices address
FAQ
What is the primary business of International Media Acquisition Corp.?
International Media Acquisition Corp. is involved in the SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION industry, as indicated by its SIC code [7812].
When is the period covered by this 10-Q filing?
This 10-Q report covers the quarterly period ended June 30, 2024.
What is the company's state of incorporation?
The company is incorporated in Delaware.
What is the principal executive office address?
The principal executive offices are located at 1604 US Highway 130, North Brunswick, NJ 08902.
What is the company's IRS number?
The company's IRS number is 000000000.
Filing Stats: 4,705 words · 19 min read · ~16 pages · Grade level 18.2 · Accepted 2024-09-03 16:45:23
Key Financial Figures
- $0.0001 — he registrant's common stock, par value $0.0001 per share, issued and outstanding. INT
- $10.00 — funds in the Trust Account to below (1) $10.00 per Public Share or (2) the actual amou
Filing Documents
- ea0212487-10q_internat.htm (10-Q) — 691KB
- ea021248701ex31-1_internat.htm (EX-31.1) — 11KB
- ea021248701ex32-1_internat.htm (EX-32.1) — 4KB
- 0001213900-24-075132.txt ( ) — 5076KB
- imac-20240630.xsd (EX-101.SCH) — 68KB
- imac-20240630_cal.xml (EX-101.CAL) — 20KB
- imac-20240630_def.xml (EX-101.DEF) — 297KB
- imac-20240630_lab.xml (EX-101.LAB) — 457KB
- imac-20240630_pre.xml (EX-101.PRE) — 290KB
- ea0212487-10q_internat_htm.xml (XML) — 486KB
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS Condensed Balance Sheets as of June 30, 2024 (unaudited) and March 31, 2024 (audited) 1 Condensed Statements of Operations for the three months ended June 30, 2024 and June 30, 2023 (unaudited) 2 Condensed Statements of Changes in Stockholders' Equity (Deficit) for the three months ended June 30, 2024 and June 30, 2023 (unaudited) 3 Condensed Statements of Cash Flows for the three months ended June 30, 2024 and June 30, 2023 (unaudited) 4 Notes to Unaudited Condensed Financial Statements 5 Item 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 30 Item 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 42 Item 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 42
– OTHER INFORMATION
PART II – OTHER INFORMATION Item 1.
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 43 Item 1A.
RISK FACTORS
RISK FACTORS 43 Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 48 Item 3. DEFAULTS UPON SENIOR SECURITIES 48 Item 4. MINE SAFETY DISCLOSURES 48 Item 5. OTHER INFORMATION 48 Item 6. EXHIBITS 49
SIGNATURES
SIGNATURES 50 i CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q includes "forward-looking Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. All statements, other than statements of historical fact included in this Form 10-Q including, without limitation, statements in the "Management's Discussion and Analysis of Financial Condition and Results of Operations" regarding the Company's financial position, business strategy and the plans and objectives of management for future operations, are forward-looking statements. Words such as "expect," "believe," "anticipate," "intend," "estimate," "seek" and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements relate to future events or future performance, but reflect management's current beliefs, based on information currently available. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking in the forward-looking statements, please refer to the Risk Factors section of the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2024 filed with the U.S. Securities and Exchange Commission (the "SEC") on August 8, 2024 and the Company's final prospectus for its initial public offering filed with the SEC on July 29, 2021. The Company's securities filings can be accessed on the EDGAR section of the SEC's website at www.sec.gov . Except as expressly