# International Media Acquisition Corp. International Media Acquisition Corp. is an Asset Manager based in North Brunswick, United States. ## Overview - **Organization type:** Asset Manager - **Headquarters:** North Brunswick, United States - **Region:** North America - **Address:** North Brunswick, NJ, United States - **Founded:** 2021 - **Assets under management:** Undisclosed - **Website:** imac-corp.com ## Regulatory record - **Reports private funds:** No ## About Sarkar established International Media Acquisition Corp. (IMAC) by pricing its initial public offering at $200 million in late July 2021, listing on the Nasdaq under the symbol IMAQU. The vehicle emerged from Sarkar's two decades inside Indian film and media finance, where he oversaw production and distribution strategies across more than 100 Bollywood titles and managed Reliance Entertainment's co-production relationships with Steven Spielberg's DreamWorks and other Hollywood studios. IMAC's stated mandate targets media and entertainment businesses across India and the broader Asia-Pacific corridor. The trust size implies deal capacity of $600 million to $800 million in enterprise value after accounting for the sponsor promote, public float, and any additional PIPE commitments. Sectors named in the S-1 registration statement include film production, streaming platforms, gaming, digital content studios, music rights, animation, visual effects, and live events — essentially the full stack of an integrated media company. The filing specifically names India, Southeast Asia, Japan, Korea, and China as geographic hunting grounds, though execution risk concentrates on Indian-language content and diaspora audiences where Sarkar's Rolodex is densest. Structurally, IMAC adheres to the standard SPAC architecture of its vintage: 24-month deployment window with possible three-month extension, founder shares converting at the consummation of a business combination, and a sponsor entity — IMAC Sponsor LLC — holding 20% of post-combination equity. The sponsor group includes former Disney India and Viacom18 executives. IMAC has not disclosed team headcount beyond the C-suite. Sarkar serves as Chairman and CEO; Sanjay Wadhwa, previously CFO of Shemaroo Entertainment, holds the controller role; and the board includes Deepak Nayyar, the former Goldman Sachs TMT banker who structured several major Indian media exits. In July 2023, the sponsor extended the business combination deadline by three months, then filed a subsequent extension in October 2023, signaling that a definitive agreement remained under negotiation. What distinguishes IMAC from the broader SPAC field is its sponsor's operator DNA rather than purely financial engineering. Sarkar is not an institutional investor — he produced, marketed, and distributed content at scale. ## Sectors - Media & Entertainment ## People - Shibasish Sarkar — Chairman and Chief Executive Officer ## Questions ### Who runs investment decisions at International Media Acquisition Corp.? Shibasish Sarkar, as Chairman and CEO, leads origination and negotiation. He spent over 20 years in Indian media, most recently as Group CEO of Reliance Entertainment, where he managed film production, distribution, and international co-production deals. The sponsor group includes former executives from Disney India and Viacom18, bringing operating credibility to deal evaluation. ### What specific sectors does IMAC target? The S-1 filing names film production, OTT streaming, gaming, digital content, music rights, animation, visual effects, live events, and media technology services. The common thread is intellectual-property-heavy businesses serving Indian-language and pan-Asian audiences. Distribution and exhibition assets are also in scope, though the filing emphasizes content IP and audience monetization over physical infrastructure. ### How is IMAC structured as a financial vehicle? IMAC is a standard Special Purpose Acquisition Company that raised $200 million via units listed on Nasdaq. Each unit comprised one Class A share and one-half of one redeemable warrant. The sponsor holdco — IMAC Sponsor LLC — holds founder shares convertible into approximately 20% of the post-combination entity. The trust has been extended multiple times since its original 24-month window expired, most recently into early 2024. ### What geography does IMAC cover? The registration statement identifies India, Southeast Asia, Japan, South Korea, and China as primary markets. In practice, Sarkar's network and decades of operational experience center on Indian-language content, Bollywood production, and the Indian diaspora audience. Southeast Asian digital content studios are a secondary front, reflecting the regional expansion patterns of major Indian media conglomerates. ### Has IMAC announced a business combination target? As of the most recent public filing in October 2023, IMAC had not named a specific acquisition target. The multiple trust extensions suggest active negotiations, but no letter of intent or definitive agreement has been disclosed. The SPAC market's deterioration since 2022 has made redemption rates unpredictable, complicating deal certainty even when a target is identified. ## Related profiles - [Charlotte's Web Holdings](https://altss.com/profile/charlottes-web-holdings-inc) - [PMV Pharmaceuticals](https://altss.com/profile/pmv-pharmaceuticals-inc) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/international-media-acquisition-corp Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology