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International Media Acquisition (IMAQ) has provided an announcement.
On February 27, 2024, International Media Acquisition Corp. took a major financial step by issuing two unsecured promissory notes, Promissory Note B and C, for up to $530,000 and $470,000 respectively, to JC Unify Capital (Holdings) Limited. These notes are convertible into units at $10.00 each and are to be repaid by the time the company either terminates or completes an initial business combination, without accruing interest. The funds will support the company’s operational expenses and working capital needs. Additionally, the company announced the resignation of Mr. Sanjay Wadhwa as Director, which was not due to any internal disputes.
Find detailed analytics on IMAQ stock on TipRanks’ Stock Analysis page.
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