Image Entertainment Inc. announced Wednesday that it will be paid $2.5 million by Nyx Acquisitions Inc. as a result of an amendment to its merger agreement with the San Francisco private equity firm.

The announcement comes after Nyx missed an April 10 deadline to pay $1 million to the Chatsworth distributor of home entertainment programming.

The $100 million merger agreement was originally supposed to close Feb. 28, but Nyx has had trouble securing financing and agreed to pay $1 million to extend the deadline to April 20.

Under this latest amendment, the fourth such change, Nyx will pay Image $1 million by April 17 and will release an additional $1.5 million to the company that is currently being held in a trust account. The payments are not refundable and will not change the purchase price.

News of the amended agreement was well received by investors. Shares of Image rose 14 percent to close at $1.46 on the Nasdaq.