International Media Acquisition Corp. (IMAQ)
International Media Acquisition Corp. (IMAQ)
| Balance Sheets | 2026-03-31 | |||
|---|---|---|---|---|
| Loan receivable - target company | 499,900 | |||
| Prepaid franchise taxes | 33,212 | |||
| Prepaid expenses | 18,328 | |||
| Total current assets | 551,440 | |||
| Investments held in trust account | 3,450,760 | |||
| Total assets | 4,002,200 | |||
| Accounts payable and accrued expenses | 962,456 | |||
| Due to prior sponsor | 656,913 | |||
| Promissory notes-Prior Sponsor | 2,445,000 | |||
| Promissory notes-JCUnify | 2,900,000 | |||
| Promissory notes-Wei Hua Chang | 674,672 | |||
| Excise tax payable | 12,727 | |||
| Income tax payable | 118,717 | |||
| Total current liabilities | 7,770,485 | |||
| Deferred underwriting fee payable | 8,050,000 | |||
| Warrant liability | 11,237 | |||
| Total liabilities | 15,831,722 | |||
| Common stock subject to possible redemption 289,694 and 289,694 shares issued and outstanding at 11.91 and 11.66 redemption value as of march 31, 2026 and 2025, respectively | 3,391,265 | |||
| Common stock, 0.0001 par value 500,000,000 shares authorized 6,546,900 shares issued and outstanding (excluding 289,694 shares subject to possible redemption as of march 31, 2026 and 2025) | 655 | |||
| Accumulated deficit | -15,221,442 | |||
| Total stockholders deficit | -15,220,787 | |||
| Total liabilities and stockholders deficit | 4,002,200 | |||