International Media Acquisition Corp. (OTCMKTS:IMAQ – Get Free Report) shares rose 1% during trading on Wednesday. The company traded as high as $10.20 and last traded at $10.20. Approximately 106 shares traded hands during trading, a decline of 23% from the average daily volume of 139 shares. The stock had previously closed at $10.10.
International Media Acquisition Price Performance
The business’s 50-day simple moving average is $10.13 and its 200-day simple moving average is $10.18.
International Media Acquisition Company Profile
International Media Acquisition Corp. is a special purpose acquisition company (SPAC) that was organized to identify and complete a business combination with an operating company. Its potential transactions could include a merger, stock exchange, asset acquisition, or similar corporate combination.
The company was established with a stated focus on opportunities in the media, entertainment and related technology sectors. As a SPAC, International Media Acquisition Corp. did not operate a conventional portfolio of products or services; its principal activities centered on evaluating potential acquisition targets and pursuing a suitable transaction.
Publicly available information about the company’s operating activities, geographic reach and current leadership is limited.
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