{"url_path":"/sec/imaq/10-k/2026/item-14","section_key":"item-14","section_title":"Item 14 *. *PRINCIPAL ACCOUNTANT FEES AND SERVICES.","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-25","source_url":"https://www.sec.gov/Archives/edgar/data/1846235/0001213900-26-072115-index.html","accession_number":"0001213900-26-072115","cik":"0001846235","ticker":"IMAQ","issuer_name":"International Media Acquisition Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1846235/0001213900-26-072115-index.html","primary_entity_key":"0001846235","primary_entity_name":"International Media Acquisition Corp."},"word_count":774,"has_tables":true,"body_markdown":"ITEM\n14*. *PRINCIPAL ACCOUNTANT FEES AND SERVICES.\n\n \n\n*Fees*\n\n* *\n\nThe\nfees billed by Mercurius for fiscal year 2026, and fiscal year 2025 for services rendered to the Company were as follows:\n\n \n\n \n \nFiscal Year\n2026\n(April 1,\n2025 -\n March 31,\n2026)\n \n \nFiscal Year\n2025\n(April 1,\n2024 -\n March 31,\n2025)\n \n\nAudit Fees(1)\n \n$\n61,835\n \n \n$\n72,170\n \n\nAudit-Related Fees(2)\n \n \n-\n \n \n \n-\n \n\nTax Fees(3)\n \n \n-\n \n \n \n-\n \n\nAll Other Fees(4)\n \n \n-\n \n \n \n-\n \n\n \n\n(1)*Audit\nFees*. Audit fees consist of fees billed for professional services rendered by our independent registered public accounting firm for\nthe audit of our annual financial statements and review of financial statements included in our Quarterly Reports on Form 10-Q or services\nthat are normally provided by our independent registered public accounting firm in connection with statutory and regulatory filings or\nengagements.\n\n \n\n(2)*Audit-Related\nFees*. Audit-related fees consist of fees billed for assurance and related services that are reasonably related to performance of\nthe audit or review of our financial statements and are not reported under “Audit Fees.” These services include attest services\nthat are not required by statute or regulation and consultation concerning financial accounting and reporting standards.\n\n \n\n(3)*Tax\nFees*. Tax fees consist of fees billed for professional services rendered by our independent registered public accounting firm for\ntax compliance, tax advice, and tax planning.\n\n \n\n(4)*All\nOther Fees*. All other fees consist of fees billed for all other services.\n\n \n\n85\n\n \n\n \n\nPolicy\non Board Pre-Approval of Audit and Permissible Non-Audit Services of the Independent Auditors\n\n \n\nThe\naudit committee is responsible for appointing, setting compensation and overseeing the work of our independent registered public accounting\nfirm. In recognition of this responsibility, the audit committee shall review and, in its sole discretion, pre-approve all audit and\npermitted non-audit services to be provided by our independent registered public accounting firm as provided under the audit committee\ncharter.\n\n \n\nChanges\nin Independent Registered Public Accounting Firm\n\n \n\nAs\npreviously disclosed, on June 24, 2023, upon the approval of its Audit Committee of the Board of Directors (the “Audit Committee”)\nof the Company, the Company dismissed Marcum LLP (“Marcum”) as the Company’s independent registered public accounting\nfirm.\n\n \n\nAs\npreviously disclosed, Marcum audited the Company’s balance sheet as of December 31, 2021, the related statement of operations,\nchanges in stockholders’ deficit and cash flows for the period from January 15, 2021 (inception) through December 31, 2021, and\nthe related notes (collectively referred to as the “financial statements”). The report of Marcum on such financial\nstatements did not contain an adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope\nor accounting principles.\n\n \n\nAs\npreviously disclosed, during the fiscal year ended December 31, 2021 and the subsequent interim periods through the date of dismissal,\nthere have been no: (i) disagreements (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related\ninstructions) with Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure,\nwhich disagreement, if not resolved to the satisfaction of Marcum, would have caused them to make reference thereto in their report on\nthe financial statements or (ii) “reportable events” (as that term is defined in Item 304(a)(1)(v) of Regulation\nS-K).\n\n \n\nThe\nCompany provided Marcum a copy of the foregoing disclosure and requested that Marcum provide a letter addressed to the Securities &\nExchange Commission confirming their agreement with such disclosure. A copy of Marcum’s letter, dated June 28, 2023, was filed\nas Exhibit 16.1 to the Current Report on Form 8-K filed by the Company on June 28, 2023.\n\n \n\nAs\npreviously disclosed, on June 24, 2023, upon the approval of the Audit Committee, the Company engaged Mercurius & Associates LLP\n(“Mercurius”) as the Company’s independent registered public accounting firm for the fiscal year ending March\n31, 2023, effective immediately.\n\n \n\nDuring\nthe fiscal year ended December 31, 2021 and the subsequent interim periods through the date of Mercurius’ engagement, neither the\nCompany nor anyone acting on its behalf consulted Mercurius regarding either (i) the application of accounting principles to a specified\ntransaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial\nstatements and neither a written report nor oral advice was provided to the Company by Mercurius that Mercurius concluded was an important\nfactor considered by the Company in reaching a decision as to such accounting, auditing, or financial reporting issue; or (ii) any matter\nthat was either the subject of a “disagreement” (as that term is defined in Item 304(a)(1)(iv) of Regulation\nS-K and the related instructions) or a “reportable event” (as that term is defined in Item 304(a)(1)(v) of Regulation\nS-K).\n\n \n\n86\n\n \n\n \n\nPART IV"}