International Media Acquisition Corp. (IMAQ) saw its stock price rise 3.8% to $10.59 on Thursday, with trading volume dropping 77% from the average daily volume. The company, which lacks significant operations, plans to pursue a business combination in the media and entertainment sector.

Autodesk's 2025 State of Design & Make report highlights the current and future state of the Design and Make industries, focusing on cost control, technology advancement, and the talent and skills gap. Despite geopolitical and economic uncertainty, leaders continue to invest in AI and technology. The report emphasizes the importance of bridging the skills gap and leveraging sustainability as a competitive advantage.

Vietnam Biofuels Development Joint Stock Company, VCI Holdings Limited, and International Media Acquisition Corp. (OTC: IMAQ) announced a definitive merger agreement on 2025-04-09, aiming for a NASDAQ listing. The combined entity, expected to be renamed VI Energy, is valued at an enterprise value of $1 billion, significantly above IMAQ’s current market capitalization of $70.21 million. The merger will expand production capacity, particularly into the sustainable aviation fuel market. Navin Sidhu, CEO of VCI Biofuels Group, and Yu-Fang Chiu, CEO of IMAQ, emphasized the strategic advantage of accessing US capital markets for organic expansion and potential acquisitions. The transaction is subject to regulatory and shareholder approvals.

International Media Acquisition Corp. (IMAC) issued an unsecured promissory note to JC Unify Capital (Holdings) Limited for up to $600,000, aiming to strengthen its financial position. The note is convertible into units of IMAC's common stock and includes a deadline for settlement. IMAC also extended its initial business combination deadline and reshaped its debt structure, converting promissory notes into shares of common stock. Shibasish Sarkar resigned as CEO, and Yu-Fang Chiu took over as CEO, CFO, and Chairman of the Board.

The Competition Commission of India (CCI) is expected to expand its probe into alleged cartelisation in the advertising and media buying industry. The CCI has been using its leniency program to gather evidence from whistleblowers, and sources suggest that the commission plans to widen its investigation to include more advertising agencies and associations.