International Media Acquisition Corp (IMAQ) is a blank-check special purpose acquisition company that was formed to identify and complete a merger or acquisition with one or more target businesses. The company generates no operating revenue. It holds IPO proceeds in a trust account denominated in U.S. dollars, maintained with Continental Stock Transfer and Trust Company in the United States, and seeks to deploy those funds through a single qualifying Business Combination. IMAQ has explicitly stated an intent to pursue China-based targets, which exposes the structure to PRC regulatory review processes including cybersecurity clearance by the Cyberspace Administration of China and potential CSRC oversight. The window to consummate a Business Combination extended to January 2, 2027 under an available extension option, as disclosed in the 10-K filed July 15, 2025. No operating business, customers, or revenue streams exist at the SPAC level prior to a completed transaction.

Revenue model

No revenue. The company is a pre-combination SPAC. Capital is held in trust from IPO proceeds and earns interest until deployed in a Business Combination or returned to shareholders via redemption.

Products and services

No products or services. The company's sole activity is identifying, evaluating, and executing a Business Combination with a target business, with stated focus on China-based targets in the media or adjacent sectors.

Customers and end markets

No customers. End market exposure is entirely contingent on the target business selected for the Business Combination, which had not been announced as of the 10-K filed July 15, 2025.

Value-chain role

SPAC sponsor and acquisition vehicle. IMAQ sits upstream of any operating business, acting as a capital aggregation and deal-execution entity.

Geographic exposure

Trust assets held in the United States. Stated acquisition focus includes China-based targets, which introduces exposure to PRC regulatory frameworks including the Cybersecurity Review Measures, CSRC oversight, and Renminbi convertibility restrictions.

Source: SEC 10-K, filed 2025-07-15

Industry: Services-Motion Picture & Video Tape Production