International Media Acquisition FY26 Q1 net loss narrows to $82,031

Reuters2026/08/07 20:32

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International Media Acquisition posted a net loss of USD 82,031 for the three months ended June 30, 2026, versus a net loss of USD 120,079 a year earlier.
Interest income on trust investments fell to USD 27,643 from USD 35,261 over the same period.
Operating costs declined to USD 86,243 from USD 113,843, while franchise tax rose to USD 29,100 from USD 26,200.
Warrant liability change turned positive to USD 5,259 from a negative USD 12,750 a year earlier.
Company had no cash at June 30, 2026, with a working capital deficit of USD 7.34 million and a deadline of Sept. 2, 2026 to complete a business combination.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. International Media Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-086723), on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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International Media Acquisition FY26 Q1 net loss narrows to $82,031

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