Integrated Media Technology Ltd 6-K, filed Feb 1, 2021

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 6-K

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REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

Dated February 1, 2021

Commission File Number: 001-38018

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Integrated Media Technology Limited

(Exact Nameas Specified in its Charter)

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N/A

(Translationof Registrant's Name)

Level 7, 420King William Street

Adelaide SA5000

(Address ofprincipal executive office)

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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒ Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (7):  ☐

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ☐                 No  ☒

If "Yes" is marked, indicated below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.

This report on Form 6-K is incorporated by reference in the Registration Statement on Form F-3 of Integrated Media Technology Limited (No. 333-227741) filed with the U.S. Securities and Exchange Commission ("SEC") on October 9, 2018, and shall be deemed to be a part thereof from the date on which this report is furnished to the SEC, to the extent not superseded by documents or reports subsequently filed or furnished.

OTHER EVENTS

Acquisition of IoT Company Shenzhen Koala

On January 28, 2021 Integrated Media Technology Limited ("IMTE" or "Company") entered into a conditional sale and purchase agreement ("Agreement") to acquire 70% equity interests in Shenzhen Koala Wisdom Fire Engineering Co., Ltd. ("Shenzhen Koala"). Pursuant to the agreement, the vendors will sign up contracts for deployment of IoT Detection System of not less than RMB200,000 within 60 days from the date of the Agreement. IMTE shall purchase 70% equity interests in Shenzhen Koala for US$40,000 ("Initial Consideration") by the issuance of a total of 10,000 shares in the Company. Furthermore, the Company shall pay a deferred consideration of the Profits (as defined below) less the Initial Consideration. The deferred consideration shall be paid by the issuance of Company shares (to a maximum number of shares not equal or exceeding 20% of the then issued shares of the Company) at a price equal to 85% of the prior 15 days VAWP of the Company's share price immediately prior to the date of the parties agreeing to the Profits and such date shall note be later than March 31, 2022.

Profits is defined as the profits before taxation of Shenzhen Koala for the period from the Completion Date to December 31, 2021 and excluding any relevant gross profits from uncollected sales receipts.

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 thereunto duly authorized.

Dated: February 1, 2021

EXHIBIT INDEX

Exhibit | Integrated Media Technology Limited

Exhibit 99.1

INTEGRATED MEDIA TECHNOLOGY LIMITED LAUNCHES IoT (INTERNET OF THINGS) BUSINESS UNIT THROUGH ACQUISITION

SYDNEY, HONG KONG and NEW YORK, February 1, 2021 -- Integrated Media Technology Limited (NASDAQ: IMTE) ("IMTE" or the Company), announced today the launch of its newly formed IoT (Internet of Things) business unit through the entry into a conditional agreement to acquire a 70% equity interest in Shenzhen Koala Wisdom Fire Engineering Co., Ltd. ("Shenzhen Koala"), a company that is in the business of marketing and selling IoT solutions.

Shenzhen Koala currently sells a tracking solution to monitor and identify the location of objects dropped from high rise buildings. This technology will detect the exact location where objects are dropped from and thereby identify the responsible residential / industrial unit. Through this IoT solution, it would dissuade residents from throwing objects from high-rise buildings.

Mr. Con Unerkov, Chairman and CEO of IMTE, stated, "This is IMTE's first investment into the growing IoT sector and one we believe will grow very quickly. The IoT sector today is at the top of the agenda of most leading companies. Our strategy within this business sector is to aggressively grow through acquisitions that fit our acquisition / investment strategy."

Further details on the acquisition of Shenzhen Koala can be found in our Form 6K on the SEC website at www.sec.gov and at the Company's website at www.imtechltd.com.

About Integrated Media Technology Limited

Integrated Media Technology Limited is engaged in the business of glass-free 3D (also known as autostereoscopic 3D) display, the manufacture and sale of nano coated plates for air filters, the sale of electronic glass, financial research & data services and the marketing and sale of IoT solutions. The new business operations in air filters, electronic glass, IoT and financial research services are expected to form the foundation of our future growth strategy.

For more information, please visit www.imtechltd.com.

Safe Harbor Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding IMTE's expectations, intentions, strategies, and beliefs pertaining to future events or future financial performance. Actual events or results may differ materially from those in the forward-looking statements because of various important factors, including those described in the Company's most recent filings with the SEC. IMTE assumes no obligation to update publicly any such forward-looking statements, whether because of new information, future events or otherwise. For a more complete description of the risks that could cause our actual results to differ from our current expectations, please see the section entitled "Risk Factors" in IMTE's annual reports on Form 20-F and interim reports on Form 6-K filed with the SEC, as such factors may be updated from time to time in IMTE's periodic filings with the SEC, which are accessible on the SEC's website and at http://www.imtechltd.com.

Contact:

Integrated Media Technology Limited

Email: corporate@imtechltd.com