8-K

UNITED STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM

8-K

Current

Report

Pursuant

to Section 13 or 15(d) of the

Securities Exchange Act of 1934

July 26, 2022

Date of Report (Date of earliest event reported)

International Media Acquisition Corp.

(Exact Name of Registrant as Specified in its Charter)

Delaware	001-40687	86-1627460
(State or other jurisdiction<br><br>of incorporation)	(Commission File Number)	(I.R.S. Employer<br><br>Identification No.)
1604 US Highway 130<br><br> <br>North Brunswick, NJ	08902
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(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code:

(212) 960-3677

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act
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¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
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¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
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Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	IMAQ	The Nasdaq Stock Market LLC
Warrants	IMAQW	The Nasdaq Stock Market LLC
Rights	IMAQR	The Nasdaq Stock Market LLC
Units	IMAQU	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.01 Entry into a Material Definitive Agreement

As approved by its stockholders at the Special Meeting of Stockholders held on July 26, 2022 (the “Special Meeting”), International Media Acquisition Corp. (the “Company”) entered into an amendment, dated July 26, 2022 (the “Trust Amendment”), to the investment management trust agreement, dated July 28, 2021, by and between the Company and Continental Stock Transfer & Trust Company. Pursuant to the Trust Amendment, the Company has the right to extend the time the Company has to complete a business combination two (2) times for an additional three (3) months each time, from July 28, 2022 to January 28, 2023, by depositing into the Company’s trust account $350,000 for each three-month extension.

Item 5.07. Submissions of Matters to a Voteof Security Holders.

On July 26, 2022, the Company held the Special Meeting. On June 28, 2022, the record date for the Special Meeting, there were 29,546,900 shares of common stock of the Company entitled to be voted at the Meeting, 68.04% of which were represented in person or by proxy.

The final results for each of the matters submitted to a vote of the Company’s stockholders at the Meeting are as follows:

Matters Voted On		Against		Abstain
Proposal to amend the Company’s investment management trust agreement, dated as of July 28, 2021, by and between the Company and Continental Stock Transfer & Trust Company, allowing the Company to extend the time the Company has to complete a business combination two (2) times for an additional three (3) months each time, from July 28, 2022 to January 28, 2023, by depositing into the Company’s trust account 350,000 for each three-month extension.	17,866,851		2,235,360		1,142
Proposal to act on such other matters as may properly come before the meeting or any adjournment or adjournments thereof.	17,741,244		2,361,052		1,057

All values are in US Dollars.

Each of the proposals described above was approved by the Company’s stockholders. The Company’s stockholders elected to redeem an aggregate of 20,858,105 shares in connection with the Special Meeting.

Item 9.01. Financial Statements and Exhibits

(c)	Exhibits:
Exhibit No.	Description
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10.1	Amendment to the Investment Management Trust Agreement between Trident<br> Acquisitions Corp. and Continental Stock Transfer & Trust Company, dated July 26, 2022
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: July<br> 26, 2022
INTERNATIONAL MEDIA ACQUISITION CORP.
By:	/s/Shibasish Sarkar
Name:	Shibasish Sarkar
Title:	Chief Executive Officer

Exhibit 10.1

AMENDMENTTO THEINVESTMENT MANAGEMENT TRUST AGREEMENT

This Amendment No. 1 (this “Amendment”), dated as of July 26, 2022, to the Investment Management Trust Agreement (as defined below) is made by and between International Media Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company, as trustee (“Trustee”). All terms used but not defined herein shall have the meanings assigned to them in the Trust Agreement.

WHEREAS, the Company and the Trustee entered into an Investment Management Trust Agreement dated as of July 28, 2021 (the “Trust Agreement”);

WHEREAS, Section 1(i) of the Trust Agreement sets forth the terms that govern the liquidation of the Trust Account under the circumstances described therein;

WHEREAS, at an special meeting of the Company held on July 26, 2022, the Company’s stockholders approved a proposal to amend the Trust Agreement requiring the Company to deposit $350,000 into the Trust Account for each three-month extension from July 28, 2022; and

NOW THEREFORE, IT IS AGREED:

1.	Section 1(i) of the Trust Agreement is hereby amended and restated in its entirety as follows:

“(i) Commence liquidation of the Trust Account only after and promptly after receipt of, and only in accordance with, the terms of a letter (“Termination Letter”), in a form substantially similar to that attached hereto as either Exhibit A or Exhibit B, signed on behalf of the Company by its President, Chief Executive Officer or Chairman of the Board and Secretary or Assistant Secretary, and complete the liquidation of the Trust Account and distribute the Property in the Trust Account only as directed in the Termination Letter and the other documents referred to therein; provided, however, that in the event that a Termination Letter has not been received by the Trustee by the 12-month anniversary of the closing of the IPO (“Closing”), or, in the event that the Company extended the time to complete the Business Combination for up to 18 months from the Closing but has not completed the Business Combination within such 18-month period, the 18 month anniversary of the Closing (as applicable, the “Applicable Deadline”), the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B hereto and distributed to the Public Shareholders as of the Applicable Deadline, provided that the Company deposits $350,000 for outstanding public shares of common stock into the Trust Account on or prior to the 12-month anniversary of the Closing, or if the Company’s Board of Directors further extends the time to complete the Business Combination by an additional 3-month period, the 15-month anniversary of the Closing, provided that the Company deposits an additional $350,000 for outstanding public shares of common stock into the Trust Account on or prior to the 15-month anniversary of the Closing,; but if the Company has not completed the Business Combination within the applicable extension of the Closing (“Last Date”), the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B hereto and distributed to the Public Shareholders as of the Last Date. For example, if during the 12^th^ month, the Company does not deposit $350,000 for outstanding public shares common stock into the Trust Account by the last day of the 12^th^ month, then the Last Date shall be the last day of the 12^th^ month.”

2.	Exhibit D of the Trust Agreement is hereby amended and restated in its entirety as follows:

[Letterhead of Company]

[Insert date]

Continental Stock Transfer & Trust Company

1 State Street, 30^th^Floor

New York, N.Y. 10004

Attn: Francis Wolf and Celeste Gonzalez

Re:	Trust Account — Extension Letter

Gentlemen:

Pursuant to paragraph 1(j) of the Investment Management Trust Agreement between International Media Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of [______________], 2022 (“Trust Agreement”), this is to advise you that the Company is extending the time available in order to consummate a Business Combination with the Target Businesses for an additional three (3) months, from ______________ to ______________ (the “Extension”). Capitalized words used herein and not otherwise defined shall have the meanings ascribed to them in the Trust Agreement.

This Extension Letter shall serve as the notice required with respect to Extension prior to the Applicable Deadline.

In accordance with the terms of the Trust Agreement, we hereby authorize you to deposit $350,000, which will be wired to you, into the Trust Account investments upon receipt.

Very truly yours,
INTERNATIONAL MEDIA ACQUISITION CORP.
By:
	[•],

cc: Chardan Capital Markets, LLC

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3.	All other provisions of the Trust Agreement shall remain unaffected by the terms hereof.
4.	This Amendment may be signed in any number of counterparts, each of which shall be an original and all of which shall be deemed to be one and the same instrument, with the same effect as if the signatures thereto and hereto were upon the same instrument. A facsimile signature or electronic signature shall be deemed to be an original signature for purposes of this Amendment.
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5.	This Amendment is intended to be in full compliance with the requirements for an Amendment to the Trust Agreement as required by Section 7(c) of the Trust Agreement, and every defect in fulfilling such requirements for an effective amendment to the Trust Agreement is hereby ratified, intentionally waived and relinquished by all parties hereto.
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6.	This Amendment shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction.
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[signature page follows]

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IN WITNESS WHEREOF, the parties have duly executed this Amendment to the Investment Management Trust Agreement as of the date first written above.

CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Trustee

By:	/s/ Francis Wolf
Name:	Francis Wolf
Title:	Vice President

INTERNATIONAL MEDIA ACQUISITION CORP.

By:	/s/Shibasish Sarkar
Name:	Shibasish Sarkar
Title:	Chief Executive Officer

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