International Media Acquisition in a regulatory filing set a July 26 meeting for shareholders to vote on a deadline extension that would give the SPAC until Jan. 28 to close a deal. The sponsor would deposit $350,000 into the company’s trust for each three-month extension.
The SPAC 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.
