SEC Comment Letter 0000000000-23-013597 to International Media Acquisition Corp. (IMAQ, IMAQR, IMAQW) (CIK 0001846235) (IMAQ)
International Media Acquisition Corp. (IMAQ, IMAQR, IMAQW) (CIK 0001846235)
Date: Dec. 13, 2023 · CIK: 0001846235 · Accession: 0000000000-23-013597
AI Filing Summary & Sentiment
File numbers found in text: 001-40687
Letter
United States securities and exchange commission logo December 13, 2023 Shibasish Sarkar Chief Executive Officer International Media Acquisition Corp. 1604 US Highway 130 North Brunswick, NJ 08902 Re:International Media Acquisition Corp. Preliminary Proxy Statement on Schedule 14A Filed December 6, 2023 File No. 001-40687 Dear Shibasish Sarkar: We have reviewed your filing and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe this comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Preliminary Proxy Statement on Schedule 14A General 1.We note that you are seeking to extend your termination date to January 2, 2025, a date which is 41 months from your initial public offering. We also note that you are listed on The Nasdaq Capital Market and that Nasdaq IM-5101-2 requires that a special purpose acquisition company complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. Please revise to explain that the proposal to extend your termination deadline to January 2, 2025 does not comply with this rule, or advise, and to disclose the risks of your non-compliance with this rule, including that your securities may be subject to suspension and delisting from The Nasdaq Capital Market.
FirstName LastNameShibasish Sarkar Comapany NameInternational Media Acquisition Corp. December 13, 2023 Page 2 FirstName LastName Shibasish Sarkar International Media Acquisition Corp. December 13, 2023 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Rucha Pandit at 202-551-6022 or Taylor Beech at 202-551-4515 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Giovani Caruso
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United States securities and exchange commission logo
December 13, 2023
Shibasish Sarkar
Chief Executive Officer
International Media Acquisition Corp.
1604 US Highway 130
North Brunswick, NJ 08902
Re:International Media Acquisition Corp.
Preliminary Proxy Statement on Schedule 14A
Filed December 6, 2023
File No. 001-40687
Dear Shibasish Sarkar:
We have reviewed your filing and have the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe
this comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Preliminary Proxy Statement on Schedule 14A
General
1.We note that you are seeking to extend your termination date to January 2, 2025, a date
which is 41 months from your initial public offering. We also note that you are listed on
The Nasdaq Capital Market and that Nasdaq IM-5101-2 requires that a special purpose
acquisition company complete one or more business combinations within 36 months of
the effectiveness of its IPO registration statement. Please revise to explain that the
proposal to extend your termination deadline to January 2, 2025 does not comply with this
rule, or advise, and to disclose the risks of your non-compliance with this rule, including
that your securities may be subject to suspension and delisting from The Nasdaq Capital
Market.
FirstName LastNameShibasish Sarkar
Comapany NameInternational Media Acquisition Corp.
December 13, 2023 Page 2
FirstName LastName
Shibasish Sarkar
International Media Acquisition Corp.
December 13, 2023
Page 2
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Please contact Rucha Pandit at 202-551-6022 or Taylor Beech at 202-551-4515 with any
questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc: Giovani Caruso