International Media Acquisition in a regulatory filing said shareholders yesterday approved two deadline extensions of three months each that would carry the SPAC until Jan. 28. In return, the SPAC will deposit $350,000 into trust for each extension.
The SPAC did not say if there were redemptions ahead of the vote.
International Media raised $200 million in August 2021 to focus on North America, Europe and Asia for target companies within the media and entertainment sector, especially companies engaged in digitally available content. Read more.
