International Media Acquisition Corp-A 2025年季度报告

FORM10-Q (Mark One)☒QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30, 2025 For the transition period from_________to _________ Commission File Number001-40687 INTERNATIONAL MEDIA ACQUISITION CORP.(Exact name of registrant as specified in its charter) 1221 Brickell AvenueMaimi,FL33131(Address of principal executive offices and zip code) 786-432-7588(Registrant’s telephone number, including area code) 1604 US Highway 130N Brunswick, NJ 08902(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: Title of ClassCommon Stock, Par Value $0.0001 Per ShareWarrants to Purchase Shares of Common StockRights to Receive Shares of Common StockUnits, Consisting of One Share of Common Stock, One Warrant and One Right Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter periodthat the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act: Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒No☐ As of November 13, 2025, there were6,836,594shares of the registrant’s common stock, par value $0.0001 per share, issued andoutstanding. INTERNATIONAL MEDIA ACQUISITION CORP. TABLE OF CONTENTS Page PART 1 – FINANCIAL INFORMATIONItem 1.FINANCIAL STATEMENTSCondensed Balance Sheets as of September 30, 2025 (unaudited) and March 31, 2025 (audited)1Condensed Statements of Operations for the six months ended September 30, 2025 and September 30, 2024(unaudited)2Condensed Statements of Changes in Stockholders’ Equity (Deficit) for the six months ended September 30,2025 and September 30, 2024 (unaudited)3Condensed Statements of Cash Flows for the six months ended September 30, 2025 and September 30, 2024(unaudited)4Notes to Unaudited Condensed Financial Statements5Item 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS38Item 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK54Item 4.CONTROLS AND PROCEDURES54PART II – OTHER INFORMATIONItem 1.LEGAL PROCEEDINGS55Item 1A.RISK FACTORS55Item 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS55Item 3.DEFAULTS UPON SENIOR SECURITIES55Item 4.MINE SAFETY DISCLOSURES55Item 5.OTHER INFORMATION55Item 6.EXHIBITS56SIGNATURES57 CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q includes “forward-looking statements” within the meaning of Section 27A of theSecurities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the“Exchange Act”), that are not historical facts, and involve risks and uncertainties that could cause actual results to differ materiallyfrom those expected and projected. All statements, other than statements of historical fact included in this Form 10-Q including,without limitation, statements in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations”regarding the Company’s financial position, business strategy and the plans and objectives of management for future operations, areforward-looking statements. Words such as “expect,” “believe,” “anticipate,” “intend,” “estimate,” “seek” and variations and similarwords and expressions are intended to identify such forward-looking statements. Such forward-looking statements relate to futureevents or future performance, but reflect management’s current beliefs, based on information currently available. A number of factorscould cause actual events, performance or results to differ materially from the events, perfor