Dec. 29 at 4:51 PM
$IMAQ Has anyone read the proxy statement? Any thoughts on impact to price?
Proposal 1 — The Charter Amendment Proposal — A proposal to amend IMAQ’s current certificate of incorporation (the “Current Charter”) to extend the date by which it has to consummate a business combination (the “Combination Period”) for twelve (12) additional one (1) month periods from January 2, 2024 to January 2, 2025 (the “Charter Amendment Proposal”)
Proposal 2 — Trust Amendment Proposal — A proposal to amend IMAQ’s investment management trust agreement, dated as of July 28, 2021, as amended on July 26, 2023, (the “Trust Agreement”), X to extend the Combination Period for twelve (12) additional one (1) month periods from January 2, 2024 to January 2, 2025 (i.e., for a total period of time ending 41 months from the consummation of the IPO) (as amended, the “Trust Amendment”) by depositing into the trust account (the “Trust Account”)
$20,000 for each one-month extension (each, an “Extension Payment”)