International Media Acquisition Corp. filed a preliminary proxy statement (Schedule 14A) with the SEC on October 30, 2026, asking stockholders to vote on extending the company's deadline to complete a business combination from January 2, 2027 to July 2, 2028.

Key Highlights

  • Extension proposed: The company is seeking to extend its business combination deadline by eighteen (18) months, from January 2, 2027 to July 2, 2028.
  • No additional trust funds: According to the filing, the proposed extension would require no additional deposits into the Company's Trust Account.
  • Existing merger agreement: The company disclosed it entered into an amended and restated merger agreement on April 30, 2026, involving VCI Holdings Limited, Vietnam Biofuels Development Joint Stock Company, Ethanol Quang Nam Production Company Limited, Valix Limited, and Newbio Merger Limited.
  • Total extension period: If approved, the Combination Period would end 83 months from the consummation of the company's initial public offering.
  • Sponsor funding: The filing states that JC Unify Capital (Holdings) Limited and Content Creation Media LLC "do not currently plan to contribute any funds to the Trust Account after the Termination Date."
  • Redemption right retained: Public stockholders may elect to redeem all or a portion of their shares for a per-share cash price equal to the pro rata aggregate amount on deposit in the Trust Account, including interest not previously released to pay franchise and income taxes.
  • Four proposals on the ballot: Stockholders will be asked to vote on a Charter Amendment, a Trust Amendment, the election of one Class II director to serve until 2030, and an Adjournment Proposal.

International Media Acquisition Corp. Pursues 2028 Deadline Extension Amid Pending Merger

International Media Acquisition Corp. (IMAQ), headquartered at 1221 Brickell Avenue, Miami, FL 33131, filed a preliminary proxy statement on October 30, 2026, calling an Annual General Meeting of Stockholders to consider four proposals. The meeting is to be held at the offices of Loeb & Loeb LLP, located at 345 Park Avenue, New York, NY 10154, with a virtual attendance option available through Continental Stock Transfer & Trust Company's platform.

The central proposals ask stockholders to approve amendments to the company's certificate of incorporation and its investment management trust agreement. According to the filing, the trust agreement, originally dated July 28, 2021, has been amended multiple times, including on July 26, 2022, January 27, 2023, July 31, 2023, January 2, 2024, and December 31, 2024. The filing states the company and other parties "have determined that there may not be sufficient time before January 2, 2027, the Termination Date, to consummate the Business Combination," which is cited as the reason for seeking the extension.

The filing discloses that on April 3, 2025, the company entered into an original merger agreement with VCI Holdings Limited and Vietnam Biofuels Development Joint Stock Company, which was subsequently amended and restated on April 30, 2026, to add Ethanol Quang Nam Production Company Limited, Valix Limited as the Purchaser, and Newbio Merger Limited as Merger Sub. The filing notes that "Merger Sub will merge with and into the Company with the Company being the surviving entity." The Board unanimously approved the Merger Agreement. A separate stockholder vote on the business combination itself will be held at a future special meeting; stockholders are not being asked to vote on the business combination at this Annual General Meeting.

What Was Disclosed

International Media Acquisition Corp. filed a preliminary proxy statement seeking stockholder approval to extend its business combination deadline by 18 months to July 2, 2028, with no additional trust contributions, while disclosing a pending amended merger agreement involving multiple parties across the British Virgin Islands and Vietnam.