NEW YORK, Aug. 11, 2021 /PRNewswire/ -- International Media
Acquisition Corp. (Nasdaq: IMAQU) (the "Company" or "IMAC") today
announced that, commencing August 17,
2021, holders of the units sold in the Company's initial
public offering may elect to separately trade the shares of the
Company's common stock, rights and warrants included in the
units.
No fractional rights or warrants will be issued upon separation
of the units and only whole rights and warrants will trade. The
shares of common stock, rights and warrants that are separated will
trade on The Nasdaq Capital Market under the symbols "IMAQ,"
'IMAQR" and "IMAQW," respectively. Those units not separated will
continue to trade on The Nasdaq Capital Market under the symbol
"IMAQU." Holders of units will need to have their brokers contact
Continental Stock Transfer & Trust Company, the Company's
transfer agent, in order to separate the units into shares of
common stock, rights and warrants.
The offering of the units was made only by means of a
prospectus, copies of which may be obtained by contacting Chardan,
17 State Street, 21st Floor, New York,
New York 10004, or by calling (646) 465-9001. A registration
statement relating to these securities has been filed with the
Securities and Exchange Commission ("SEC") and became effective
on July 28, 2021. Copies of the registration statement
can be accessed through the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities of the Company, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About International Media Acquisition
Corp.
IMAC is led by founder Shibasish Sarkar (CEO).
IMAC is a blank check company formed for the purpose of effecting a
business combination with one or more businesses. Although there is
no restriction or limitation on what industry or geographic region
its target operates in, IMAC intends to pursue prospective targets
in North America, Europe and Asia (excluding China) in the media and entertainment
industry.
Cautionary Note Concerning Forward-Looking
Statements
This press release includes forward-looking
statements that involve risks and uncertainties. Forward looking
statements are statements that are not historical facts. Such
forward-looking statements, including the search for an initial
business combination, are subject to risks and uncertainties, which
could cause actual results to differ from the forward-looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
IMAC Contact:
Fatema Nagree
International Media Acquisition Corp.
+91 9867661126
fatema@imac.org.in
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SOURCE International Media Acquisition Corp.