Shibasish Sarkar - Aug 2, 2021 Form 4 Insider Report for International Media Acquisition Corp. (IMAQ)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
By: /s/ Shibasish Sarkar
Stock symbol
IMAQ
Transactions as of
Aug 2, 2021
Transactions value $
$7,144,000
Form type
4
Date filed
8/2/2021, 05:23 PM
Previous filing
Jul 28, 2021
Next filing
Aug 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMAQ Common Stock Purchase $7.14M +714K +12.76% $10.00 6.31M Aug 2, 2021 See footnote F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IMAQ Warrants to purchase Common Stock Purchase +714K 714K Aug 2, 2021 Common Stock 536K $11.50 See footnote F1, F2, F3, F4
transaction IMAQ Rights to acquire Common Stock Purchase +714K +178500% 714K Aug 2, 2021 Common Stock 35.7K See footnote F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Owned by Content Creation Media LLC, over which Shibasish Sarkar has voting and dispositive power. Mr. Sarkar disclaims beneficial ownership, except to the extent of any pecuniary interest therein.
F2 The reporting person acquired 714,400 units, each unit consisting of one share of common stock, one right to receive one-twentieth (1/20) share of common stocks and one warrant to purchase three-fourths (3/4) share of common stock.
F3 The warrants become exercisable on the later of (i) the completion of the registrant's initial business combination and (ii) 12 months from the closing of the registrant's initial public offering.
F4 The warrants expire 5 years after the completion of the registrant's initial business combination or earlier upon redemption or liquidation, as described in the registrant's prospectus filed with the SEC.
F5 The rights convert automatically into shares of common stock at the completion of the registrant's initial business combination.