International Media Acquisition Corp. announced a private placement for issuance of an unsecured promissory note in the aggregate principal amount of up to $530,000, and an unsecured promissory note in the aggregate principal amount of up to $470,000, for aggregate gross proceeds of $1,000,000 on February 27, 2024.. The transaction included participation from returning investor JC Unify Capital (Holdings) Limited.

The note is convertible into units at the price of $10 per unit. The note does not bear interest.