# EDGAR Filing Document

**Accession Number:** 0001846235
**File Stem:** 0001104659-23-009394
**Filing Date:** 2023-2
**Character Count:** 21792
**Document Hash:** f6adde160c85e6ffce7b06004d9b5152
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-009394.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001104659-23-009394

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230127

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230201

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** International Media Acquisition Corp.
- **CENTRAL INDEX KEY:** 0001846235
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40687
- **FILM NUMBER:** 23578309

**BUSINESS ADDRESS:**
- **STREET 1:** 1604 HWY 130
- **CITY:** NORTH BRUNSWICK
- **STATE:** NJ
- **ZIP:** 08902
- **BUSINESS PHONE:** 2129603677

**MAIL ADDRESS:**
- **STREET 1:** 1604 HWY 130
- **CITY:** NORTH BRUNSWICK
- **STATE:** NJ
- **ZIP:** 08902

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form** **8-K** 

**Current Report**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

**January 27, 2023**

Date of Report (Date of earliest event reported)

**<u>International Media Acquisition Corp.</u>**

(Exact Name of Registrant as Specified in its Charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-40687** | **86-1627460** |
| (State or other jurisdiction<br> of incorporation) | (Commission File Number) | (I.R.S. Employer<br> Identification No.) |

---

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| | |
|:---|:---|
| **1604 US Highway 130**<br> **North Brunswick, NJ** | **08902** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **(212) 960-3677**

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

◻ Written communications pursuant to Rule 425 under the Securities Act

◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act

◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock | IMAQ | The Nasdaq Stock Market LLC |
| Warrants | IMAQW | The Nasdaq Stock Market LLC |
| Rights | IMAQR | The Nasdaq Stock Market LLC |
| Units | IMAQU | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ⌧

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

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| | |
|:---|:---|
| **Item 1.01** | **Entry into a Material Definitive Agreement.** |

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The information disclosed in Item 5.07 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01 to the extent required herein. As approved by its stockholders at the Special Meeting (defined below), International Media Acquisition Corp. ("<u>IMAQ</u>") and Continental Stock Transfer & Trust Company entered into an amendment, dated January 27, 2023, to the Investment Management Trust Agreement, dated July 28, 2021, by and between Continental Stock Transfer & Trust Company and IMAQ (the "<u>IMTA Amendment</u>"). A copy of the IMTA Amendment is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.

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| | |
|:---|:---|
| **Item 5.03.** | **Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.** |

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The information disclosed in Item 5.07 of this Current Report on Form 8-K is incorporated by reference into this Item 5.03 to the extent required herein. As approved by its stockholders at the Special Meeting, the Company filed a certificate of amendment to its amended and restated certificate of incorporation (the "<u>Charter Amendment</u>") which became effective upon filing. The Charter Amendment changed the date by which IMAQ must consummate an initial business combination for an additional three (3) months, from February 2, 2023 to May 2, 2023, with an ability to further extend by three (3) additional one (1) month periods until August 2, 2023. A copy of the Charter Amendment is attached to this Current Report on Form 8-K as Exhibit 3.1 and is incorporated herein by reference.

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| | |
|:---|:---|
| **Item 5.07.** | **Submissions of Matters to a Vote of Security Holders.** |

---

On January 27, 2023, IMAQ held a special meeting of stockholders (the "<u>Special Meeting</u>"). On December 6, 2022, the record date for the Special Meeting, there were 8,688,795 issued and outstanding shares of IMAQ's common stock (the "<u>Common Stock</u>") entitled to vote at the Special Meeting, 86.66% of which were represented in person or by proxy.

The final results for IMAQ of the matters submitted to a vote of IMAQ's stockholders at the Special Meeting are as follows:

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| | | | |
|:---|:---|:---|:---|
| **Matters Voted On** | **For** | **Against** | **Abstain** |
| Proposal to amend the Company's Amended and Restated Certificate of Incorporation ("Charter") to give the Company the right to further extend the date by which it has to consummate a business combination (the "Combination Period") for an additional three (3) months, from February 2, 2023 to May 2, 2023, with an ability to further extend by three (3) additional one (1) month periods until August 2, 2023 (i.e., for a total period of time ending 24 months from the consummation of its initial public offering). | 7520802 | 8550 | 534 |
| Proposal to approve the amendment of the Company's Investment Management Trust Agreement, dated as of July 28, 2021 (the "Trust Agreement"), by and between the Company and Continental Stock Transfer & Trust Company, allowing the Company to extend the Combination Period one (1) time for an additional three (3) months from February 2, 2023 to May 2, 2023, with an ability to further extend by three (3) additional one (1) month periods until, August 2, 2023, by depositing into the trust account $385,541.10 for the three-month extension and $128,513.70 for each subsequent one-month extension. | 7520843 | 8428 | 615 |

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Each of the proposals described above was approved by IMAQ's stockholders. IMAQ's stockholders elected to redeem an aggregate 168,777 shares of common stock in connection with the Special Meeting.

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits** |

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(c) Exhibits:

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| | |
|:---|:---|
| Exhibit No. | Description |
| [3.1](tm234688d1_ex3-1.htm) | [Certificate of Amendment, dated January 27, 2023, to Amended and Restated Certificate of Incorporation of IMAQ](tm234688d1_ex3-1.htm) |
| [10.1](tm234688d1_ex10-1.htm) | [Amendment to the Investment Management Trust Agreement, dated January 27, 2023, by and between IMAQ and Continental Stock Transfer & Trust Company.](tm234688d1_ex10-1.htm) |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 1, 2023

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| | |
|:---|:---|
| INTERNATIONAL MEDIA ACQUISITION CORP. | INTERNATIONAL MEDIA ACQUISITION CORP. |
| By: | */s/ Shibasish Sarkar* |
| Name: | Shibasish Sarkar |
| Title: | Chief Financial Officer |

---

## Exhibit 3.1

**Exhibit 3.1**

**AMENDMENT TO THE**

**AMENDED AND RESTATED**

**CERTIFICATE OF INCORPORATION OF**

**INTERNATIONAL MEDIA ACQUISITION CORP.**

January 27, 2023

International Media Acquisition Corp., a corporation organized and existing under the laws of the State of Delaware (the "Corporation"), DOES HEREBY CERTIFY AS FOLLOWS:

1. The name of the Corporation is "International Media Acquisition Corp." The original certificate of incorporation was filed with the Secretary of State of the State of Delaware on January 15, 2021. The Amended and Restated Certificate of Incorporation was filed with the Secretary of State of Delaware on July 28, 2021 (the "Amended and Restated Certificate").

2. This Amendment to the Amended and Restated Certificate amends the Amended and Restated Certificate.

3. This Amendment to the Amended and Restated Certificate was duly approved by the Board of Directors of the Corporation and the stockholders of the Corporation in accordance with Section 242 of the General Corporation Law of the State of Delaware.

4. The text of Paragraph E of Article SIXTH is hereby amended and restated to read in full as follows:

"E. In the event that the Corporation does not consummate a Business Combination by February 2, 2023 (the "Termination Date"), upon the Corporation's or Sponsor's request, the Corporation may extend the Termination Date by (i) three months on a single occasion(the "Initial Extension") and (ii) following the Initial Extension, one month each on up to three occasions (each, a "Subsequent Extension"), but in no event to a date later than August 2, 2023 (or, in each case, if the Office of the Delaware Division of Corporations shall not be open for business (including filing of corporate documents) on such date, the next date upon which the Office of the Delaware Division of Corporations shall be open); provided that (i) the Corporation or the Sponsor (or their respective affiliates or permitted designees) will deposit into the Trust Account $385,541.10 for the Initial Extension and $128,513.70 for each Subsequent Extension (each, a "Contribution") and (ii) the procedures relating to any such extension, as set forth in the Trust Agreement, shall have been complied with. Any Contribution shall be held in the Trust Account and used to fund the redemption of the Offering Shares in accordance with this Article SIXTH." If the Corporation does not consummate a Business Combination by August 2, 2023, or by the applicable deadline in the event the Corporation does not extend the Termination Date in accordance with the terms hereof, the Corporation shall (i) cease all operations except for the purposes of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter redeem 100% of the IPO Shares for cash for a redemption price per share as described below (which redemption will completely extinguish such holders' rights as stockholders, including the right to receive further liquidation distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to approval of the Corporation's then stockholders and subject to the requirements of the GCL, including the adoption of a resolution by the Board of Directors pursuant to Section 275(a) of the GCL finding the dissolution of the Corporation advisable and the provision of such notices as are required by said Section 275(a) of the GCL, dissolve and liquidate the balance of the Corporation's net assets to its remaining stockholders, as part of the Corporation's plan of dissolution and liquidation, subject (in the case of (ii) and (iii) above) to the Corporation's obligations under the GCL to provide for claims of creditors and other requirements of applicable law ("Dissolve"). In such event, the per share redemption price shall be equal to a pro rata share of the Trust Fund plus any pro rata interest earned on the funds held in the Trust Fund and not previously released to the Corporation for its working capital requirements or necessary to pay its taxes divided by the total number of IPO Shares then outstanding. In the event that the Corporation does not timely make all additional deposits into its Trust Account as required by the Corporation's Investment Management Trust Agreement entered into at the time of the IPO, as amended, the Corporation shall Dissolve."

IN WITNESS WHEREOF, International Media Acquisition Corp. has caused this Amendment to the Amended and Restated Certificate to be duly executed in its name and on its behalf by an authorized officer as of the date first set above.

INTERNATIONAL MEDIA ACQUISITION CORP.

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| | |
|:---|:---|
| By: | /s/ Shibasish Sarkar |
| Name: | Shibasish Sarkar |
| Title: | Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**SECOND AMENDMENT<br> TO THE<br> INVESTMENT MANAGEMENT TRUST AGREEMENT**

This Amendment No. 2 (this "<u>Amendment</u>"), dated as of January 27, 2023, to the Investment Management Trust Agreement (as defined below) is made by and between International Media Acquisition Corp. (the "<u>Company</u>") and Continental Stock Transfer & Trust Company, as trustee ("<u>Trustee</u>"). All terms used but not defined herein shall have the meanings assigned to them in the Trust Agreement.

WHEREAS, the Company and the Trustee entered into an Investment Management Trust Agreement dated as of July 28, 2021 (as amended by Amendment No.1 to the Investment Management Trust Agreement, dated July 26, 2022, the "<u>Trust Agreement</u>");

WHEREAS, Section 1(i) of the Trust Agreement sets forth the terms that govern the liquidation of the Trust Account under the circumstances described therein;

WHEREAS, the Company obtained the requisite vote of the stockholders of the Company to approve this Amendment; and

NOW THEREFORE, IT IS AGREED:

1. Section 1(i) of the Trust Agreement
is hereby amended and restated in its entirety as follows:

"(i) Commence liquidation of the Trust Account only after and promptly after receipt of, and only in accordance with, the terms of a letter ("Termination Letter"), in a form substantially similar to that attached hereto as either Exhibit A or Exhibit B, signed on behalf of the Company by its President, Chief Executive Officer or Chairman of the Board and Secretary or Assistant Secretary, and complete the liquidation of the Trust Account and distribute the Property in the Trust Account only as directed in the Termination Letter and the other documents referred to therein; provided, however, that in the event that a Termination Letter has not been received by the Trustee by February 2, 2023 (the "Deadline Date") (provided that the Board, in its discretion, upon written notice to the Trustee, may extend the Deadline Date by (i) three months on a single occasion (the "Initial Extension") and (ii) following the Initial Extension, one month each on up to three occasions (each, a "Subsequent Extensions"), but in no event to a date later than August 2, 2023 (or, in each case , if the Office of the Delaware Division of Corporations shall not be open for business (including filing of corporate documents) on such date, the next date upon which the Office of the Delaware Division of Corporations shall be open)) if a Termination Letter has not been received by the Trustee prior to such date, in which case the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B hereto and distributed to the Public Shareholders as of record as of such date; <u>provided</u>, <u>however</u>, that the Company or the Sponsor (or their respective affiliates or permitted designees) will deposit into the Trust Account (i) $385,541.10 for the Initial Extension and (ii) $128,513.70 for each Subsequent Extension (each, a "***Contribution***"); provided further, however, that in the event the Trustee receives a Termination Letter in a form substantially similar to Exhibit B hereto, or if the Trustee begins to liquidate the Property because it has received no such Termination Letter by the date specified in clause (y) of this Section 1(i), the Trustee shall keep the Trust Account open until twelve (12) months following the date the Property has been distributed to the Public Stockholders.

2. *Addition of Section 1(m)*.
A new Section 1(m) shall be added as follows:

"(m) Upon receipt of an extension letter ("***Extension Letter***") substantially similar to Exhibit E hereto at least five days prior to the applicable termination date (as may be extended in accordance with Section 1(i)), signed on behalf of the Company by an executive officer, and receipt of the dollar amount specified in the Extension Letter on or prior to such termination date (if and as applicable), to follow the instructions set forth in the Extension Letter."

3. *Amendments to Definitions*.

(i) Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Trust Agreement. The following defined term in the Trust Agreement shall be amended and restated in their entirety:

"***Trust Agreement***" shall mean that certain Investment Management Trust Agreement, dated July 28, 2021, by and between International Media Acquisition and Continental Stock Transfer & Trust Company, as amended by Amendment No. 1 to Investment Management Trust Agreement dated July 26, 2022, and Amendment No.2 to Investment Management Trust Agreement dated January 27, 2023."; and

(ii) The term "***Property***" shall be deemed to include any Contribution paid to the Trust Account in accordance with the terms of the Amended and Restated Certificate of Incorporation and the Trust Agreement.

4. Addition of Exhibit E. A new Exhibit
E of the Trust Agreement is hereby added as follows:

**[Letterhead of Company]**

**[Insert date]**

Continental Stock Transfer & Trust Company

1 State Street, 30<sup>th</sup> Floor

New York, N.Y. 10004

Attn: Francis Wolf and Celeste Gonzalez

Re: <u>Trust Account — Extension Letter</u>

Gentlemen:

Pursuant to paragraphs 1(j) and 1(m) of the Investment Management Trust Agreement between Edify Acquisition Corp. (the "***Company***") and Continental Stock Transfer & Trust Company (the "***Trustee***"), dated July 28, 2021, by and between International Media Acquisition and Continental Stock Transfer & Trust Company, as amended by Amendment No. 1 to Investment Management Trust Agreement dated July 26, 2022, and Amendment No.2 to Investment Management Trust Agreement dated [_], 2022 (the "***Trust Agreement***"), this is to advise you that the Company is extending the time available in order to consummate a Business Combination with the Target Businesses for an additional [●] month[s], from [●], 2023 to [●], 2023] (the "***Extension***"). Capitalized words used herein and not otherwise defined shall have the meanings ascribed to them in the Trust Agreement. This Extension Letter shall serve as the notice required with respect to Extension prior to the applicable termination date (as may be extended in accordance with Section 1(i) of the Trust Agreement). In accordance with the terms of the Trust Agreement, we hereby authorize you to deposit the contribution in the amount of $[●] for such one-month extension until [●], 2023 (the "***Contribution***"), unless the Closing of the Company's initial business combination shall have occurred, which will be wired to you, into the Trust Account investments upon receipt.

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| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| INTERNATIONAL MEDIA ACQUISITION CORP. | INTERNATIONAL MEDIA ACQUISITION CORP. |
| By: |  |
|  | [•], |

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cc: Chardan Capital Markets, LLC

5. All other provisions of the Trust
Agreement shall remain unaffected by the terms hereof.

6. This Amendment may be signed in
any number of counterparts, each of which shall be an original and all of which shall be deemed to be one and the same instrument, with
the same effect as if the signatures thereto and hereto were upon the same instrument. A facsimile signature or electronic signature
shall be deemed to be an original signature for purposes of this Amendment.

7. This Amendment is intended to
be in full compliance with the requirements for an Amendment to the Trust Agreement as required by Section 7(c) of the Trust Agreement,
and every defect in fulfilling such requirements for an effective amendment to the Trust Agreement is hereby ratified, intentionally
waived and relinquished by all parties hereto.

8. This Amendment shall be governed
by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles
that would result in the application of the substantive laws of another jurisdiction.

*[signature page follows]*

IN WITNESS WHEREOF, the parties have duly executed this Amendment to the Investment Management Trust Agreement as of the date first written above.

CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Trustee

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| | |
|:---|:---|
| By: | /s/ Francis Wolf |
| Name: | Francis Wolf |
| Title: | Vice President |

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INTERNATIONAL MEDIA ACQUISITION CORP.

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| | |
|:---|:---|
| By: | /s/ Shibasish Sarkar |
| Name: | Shibasish Sarkar |
| Title: | Chief Executive Officer |

---