SC 13G/A - iMedia Brands, Inc. (0000870826) (Subject)

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SC 13D/A - iMedia Brands, Inc. (0000870826) (Subject)

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3 - iMedia Brands, Inc. (0000870826) (Issuer)

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MINNEAPOLIS, Jan. 31, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. ("iMedia") (NASDAQ:IMBI, IMBIL))) announced today that it has appointed Alan Aldworth to its board of directors, effective January 30, 2023. Mr. Aldworth is a proven media executive with over 30 years of leadership positions in publicly held interactive media and publishing companies, including his roles as CEO of ProQuest, President of Tribune Education, and CFO of Tribune Company Publishing Division. At Tribune and ProQuest, and subsequently as a board director, Mr. Aldworth led public offerings, raised venture capital, public and private debt, and managed over 50 M&A transactions and divestures totaling $5 billion. Toda

MINNEAPOLIS, Sept. 21, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. ("iMedia") (NASDAQ:IMBI, IMBIL))) announced today that it has appointed Richard E. "Dick" French, Jr. to its board of directors, effective September 15, 2022. "I'm pleased that Dick has agreed to join our board," said Landel Hobbs, chairperson of iMedia. "It was about a year ago that ShopHQ signed its affiliation agreement with RNN and when Dick began to provide insight to us on the ever-changing television distribution landscape, from opportunities in broadcast to cable and from over-the-air ("OTA") to over-the-top ("OTT"). He is also a successful entrepreneur and participated in our recent equity raise. We are e

Tom Zielecki Appointed SVP, Chief Financial Officer Troy Collings Promoted to SVP, Chief Information Officer MINNEAPOLIS, May 09, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. ("iMedia") (NASDAQ:IMBI, IMBIL))) today announces several executive additions and internal promotions, including the appointment of Tom Zielecki as Senior Vice President, Chief Financial Officer, and the promotion of Troy Collings to Senior Vice President, Chief Information Officer. "We believe we are in the early innings of a significant growth phase. We grew revenue 21% year-over-year in fiscal 2021, and we expect similar annual revenue growth in 2022. It's critical our small corporate team maintains

MINNEAPOLIS, June 17, 2021 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. ("iMedia" or the "Company") (NASDAQ:IMBI) today announced the appointment of Montgomery "Monty" Wageman as the Company's Senior Vice President and Chief Financial Officer reporting directly to Tim Peterman, Chief Executive Officer. Wageman will be assuming this role from Peterman, who has held this position on an interim basis since February 2020. Wageman's appointment is effective as of June 16, 2021. "I'm proud to announce Monty as our CFO," said Peterman. "For over 20 years, Monty has delivered to our culture and our shareholders a boundless work ethic, a calm wisdom and an always current accounting expertise. We look f

8-K - Legacy IMBDS, Inc. (0000870826) (Filer)

8-K - Legacy IMBDS, Inc. (0000870826) (Filer)

8-K - Legacy IMBDS, Inc. (0000870826) (Filer)

8-K - Legacy IMBDS, Inc. (0000870826) (Filer)

8-K - Legacy IMBDS, Inc. (0000870826) (Filer)

8-K - Legacy IMBDS, Inc. (0000870826) (Filer)

8-K - iMedia Brands, Inc. (0000870826) (Filer)

8-K - iMedia Brands, Inc. (0000870826) (Filer)

8-K - iMedia Brands, Inc. (0000870826) (Filer)

8-K - iMedia Brands, Inc. (0000870826) (Filer)

Transaction to be Consummated Through Court-Supervised Process Company's Operations Will Continue Uninterrupted Global media company iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ:IMBI, IMBIL))) today announced that it has entered into an asset and equity purchase agreement (the "AEPA") with an affiliate of RNN National Media Group ("RNN"), a privately owned portfolio of independent broadcast assets and production and distribution capabilities, to sell substantially all of the Company's assets, including its ShopHQ Networks, 1-2-3.tv, iMDS, J.W. Hulme, and Christopher & Banks businesses for approximately $50 million of transaction value, plus the assumption of certain liabiliti

Global media company iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ:IMBI, IMBIL))) today announced that on June 29, 2023, it was notified by the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") that they had determined to delist the Company's common stock and its 8.5% Senior Notes due 2026 as a result of the Company's commencement of voluntary proceedings under Chapter 11 of the United States Bankruptcy Code. Nasdaq informed the Company that trading in its common stock and its 8.5% Senior Notes due 2026 will be suspended at the opening of business on July 10, 2023. The Company voluntarily filed petitions for relief under Chapter 11 of the U.S. Bankruptcy Co

MINNEAPOLIS, June 23, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ:IMBI, IMBIL))) today announced that the Company received a second notice of non-compliance from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") on June 16, 2023, related to Nasdaq Listing Rule 5250(c)(1) (the "Rule") as a result of its failure to file its Form 10-Q for the period ended April 29, 2023, with the Securities and Exchange Commission (the "SEC"). As previously disclosed, the Company received an initial notice from Nasdaq on May 3, 2023, regarding its non-compliance with the Rule following the Company's delay in the filing of its Annual Report on F

MINNEAPOLIS, May 05, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ:IMBI, IMBIL))) today announced that the Company is noncompliant with the periodic filing requirements for continued listing set forth in NASDAQ Listing Rule 5250(c)(1) (the "Rule") as a result of its failure to file its Annual Report on Form 10-K for the year ended January 28, 2023 with the Securities and Exchange Commission (the "SEC") by the required due date of April 28, 2023 (the "NASDAQ Notice"). The NASDAQ Notice has no immediate effect on the listing or trading of the Company's shares of common stock, though NASDAQ will broadcast an indicator over its market data dissemination netw

MINNEAPOLIS, April 20, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ:IMBI, IMBIL))) today announced it has selected Lincoln International ("Lincoln") as its investment banker and Advisor to manage and complete a refinancing of the Company's current Asset-Based Lending ("ABL") revolving credit facility. "Lincoln International has an impressive track record of helping companies improve their capital structure, working aggressively, and thinking outside of the box," said Tim Peterman, CEO of iMedia. "We look forward to Lincoln helping us refinance our existing ABL revolving credit facility as the next logical step in achieving our chief priority of improvin

Subsequent to Year-End, Completes $48 million Sale-Leaseback. Reduces Debt by $53 million Fiscal 2022 Net Sales were $545 million, a 1% Decrease to Fiscal 2021 Q4 2022 Net Sales were $134 million, a 31% Decrease to Q4 2021 MINNEAPOLIS, April 12, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ:IMBI, IMBIL))) today announced results for the fourth quarter and full-year ended January 28, 2023. The Company also announced that on April 10, 2023, it simultaneously completed its previously announced sale-leaseback transaction with Pontus Net Lease Advisors, LLC, a division of Pontus Capital ("SLB"), together with multiple supporting transactions that materiall

MINNEAPOLIS, April 08, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI, IMBIL))) announced today it has moved its earnings release date from Monday, April 10 to Wednesday April 12, 2023. CEO Commentary – Tim Peterman, CEO"We appreciate our investors and other stakeholders' patience with us over these past several weeks, and I personally apologize for this delay. We are in the final stages of completing five financing transactions that we intend to close simultaneously. When completed, these transactions will materially decrease our outstanding debt and improve our credit profile as a Company. We expect these transactions to close on Monday or Tuesday as we work t

MINNEAPOLIS, March 27, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI, IMBIL))) announced today it has moved its earnings release date to April 10, 2023. The reason for the change is to provide additional time for the Company to keep its management resources focused on the closing of the sale-leaseback transaction, which is currently in process. The Company will now hold a conference call and webcast on Monday, April 10, at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full-year ended January 28, 2023. The Company will report its financial results in a press release prior to the conference call. Date: Monday, April 10

MINNEAPOLIS, March 20, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI, IMBIL))) announced today it has moved its earnings release date to March 28, 2023. The reason for the change is for the Company to keep its management resources focused on the completion of the sale-leaseback transaction, which is currently in process. The Company will now hold a conference call and webcast on Tuesday, March 28, at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full-year ended January 28, 2023. The Company will report its financial results in a press release prior to the conference call. Date: Tuesday, March 28, 2023Time: 8:30 a.m. Easter

MINNEAPOLIS, March 08, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI, IMBIL))) will hold a conference call and webcast on Wednesday, March 22, at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full-year ended January 28, 2023. The Company will report its financial results in a press release prior to the conference call. Date: Wednesday, March 22, 2023Time: 8:30 a.m. Eastern time (7:30 a.m. Central time)U.S. dial-in number: 1-877-407-9039International dial-in number: 1-201-689-8470Conference ID: 1373 9848Webcast link: iMedia Brands 4Q earnings webcast The conference call and webcast will be broadcast live and available for re

Subsequent to Year-End, Completes $48 million Sale-Leaseback. Reduces Debt by $53 million Fiscal 2022 Net Sales were $545 million, a 1% Decrease to Fiscal 2021 Q4 2022 Net Sales were $134 million, a 31% Decrease to Q4 2021 MINNEAPOLIS, April 12, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ:IMBI, IMBIL))) today announced results for the fourth quarter and full-year ended January 28, 2023. The Company also announced that on April 10, 2023, it simultaneously completed its previously announced sale-leaseback transaction with Pontus Net Lease Advisors, LLC, a division of Pontus Capital ("SLB"), together with multiple supporting transactions that materiall

MINNEAPOLIS, April 08, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI, IMBIL))) announced today it has moved its earnings release date from Monday, April 10 to Wednesday April 12, 2023. CEO Commentary – Tim Peterman, CEO"We appreciate our investors and other stakeholders' patience with us over these past several weeks, and I personally apologize for this delay. We are in the final stages of completing five financing transactions that we intend to close simultaneously. When completed, these transactions will materially decrease our outstanding debt and improve our credit profile as a Company. We expect these transactions to close on Monday or Tuesday as we work t

MINNEAPOLIS, March 27, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI, IMBIL))) announced today it has moved its earnings release date to April 10, 2023. The reason for the change is to provide additional time for the Company to keep its management resources focused on the closing of the sale-leaseback transaction, which is currently in process. The Company will now hold a conference call and webcast on Monday, April 10, at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full-year ended January 28, 2023. The Company will report its financial results in a press release prior to the conference call. Date: Monday, April 10

MINNEAPOLIS, March 20, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI, IMBIL))) announced today it has moved its earnings release date to March 28, 2023. The reason for the change is for the Company to keep its management resources focused on the completion of the sale-leaseback transaction, which is currently in process. The Company will now hold a conference call and webcast on Tuesday, March 28, at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full-year ended January 28, 2023. The Company will report its financial results in a press release prior to the conference call. Date: Tuesday, March 28, 2023Time: 8:30 a.m. Easter

MINNEAPOLIS, March 08, 2023 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI, IMBIL))) will hold a conference call and webcast on Wednesday, March 22, at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full-year ended January 28, 2023. The Company will report its financial results in a press release prior to the conference call. Date: Wednesday, March 22, 2023Time: 8:30 a.m. Eastern time (7:30 a.m. Central time)U.S. dial-in number: 1-877-407-9039International dial-in number: 1-201-689-8470Conference ID: 1373 9848Webcast link: iMedia Brands 4Q earnings webcast The conference call and webcast will be broadcast live and available for re

ShopHQ Relaunched on Dish Network on November 21 iMedia Strengthens Balance Sheet - Signs $48 million Sale-Leaseback Letter of Intent MINNEAPOLIS, Nov. 22, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ:IMBI, IMBIL))) today announced results for the third quarter ended October 29, 2022. CEO Commentary – Tim Peterman, CEO"Tough economic conditions increasingly distract consumers; therefore, our priority is to ensure we strengthen our balance sheet and build our core businesses to serve our customers.  Our 2022 debt & liquidity management plan is ahead of schedule. On November 8 we executed a letter of intent with a real estate investment firm to sell th

MINNEAPOLIS, Nov. 04, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI) will hold a conference call and webcast on Tuesday, November 22, at 8:30 a.m. Eastern time to discuss its financial results for the third quarter ended October 29, 2022. The Company will report its financial results in a press release prior to the conference call. Date: Tuesday, November 22, 2022Time: 8:30 a.m. Eastern time (7:30 a.m. Central time)U.S. dial-in number: 1-877-407-9039International dial-in number: 1-201-689-8470Conference ID: 1373 4238Webcast link: iMedia Brands 3Q earnings webcast The conference call and webcast will be broadcast live and available for replay via the investor r

MINNEAPOLIS, Aug. 24, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ:IMBI, IMBIL))) today announced results for the second quarter ended July 30, 2022. Second Quarter and Year-To-Date 2022 Summary & Recent Highlights: Q2 Net sales were $133 million, a 17% increase over the same prior year period. Year-to-date net sales were $288 million, a 27% increase over the same prior period.Q2 Gross margin was 36.3%, a 597 basis-point decline over the same prior year period. Year-to-date gross margin was 38.1%, a 334 basis-point decline over the same prior year period.Q2 Net loss was $11.1 million or $(0.42) per common share, compared to the same prior-year period n

MINNEAPOLIS, Aug. 22, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. ("the Company" or "iMedia") (NASDAQ:IMBI, IMBIL))) today announced select preliminary unaudited financial results for the second quarter ended July 30, 2022 and updated its outlook for fiscal 2022. The Company is providing this information in advance of its participation at the D.A. Davidson Big Sky Conference that begins today. Preliminary Q2 2022 Results and Recent Events: Consolidated net sales are estimated to be $133 million, an increase of approximately 17% compared to the same prior year period and an estimated $25 million below management's previously provided guidance. The shortfall to guidance is dri

MINNEAPOLIS, Aug. 03, 2022 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the "Company") (NASDAQ:IMBI) will hold a conference call and webcast on Wednesday, August 24, at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ended July 30, 2022. The Company will report its financial results in a press release prior to the conference call. Date: Wednesday, August 24, 2022Time: 8:30 a.m. Eastern time (7:30 a.m. Central time)U.S. dial-in number: 1-877-407-9039International dial-in number: 1-201-689-8470Conference ID: 1373 2127Webcast link: iMedia Brands, Inc. 2Q Webcast Link The conference call and webcast will be broadcast live and available for replay via the investor r

Global media company iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ:IMBI, IMBIL))))) today announced that it has entered into an asset and equity purchase agreement (the "AEPA") with an affiliate of RNN National Media Group ("RNN"), a privately owned portfolio of independent broadcast assets and production and distribution capabilities, to sell substantially all of the Company's assets, including its ShopHQ Networks, 1-2-3.tv, iMDS, J.W. Hulme, and Christopher & Banks businesses for approximately $50 million of transaction value, plus the assumption of certain liabilities, contracts and ongoing expenses.

U.S. stocks turned higher toward the end of trading, with the Nasdaq Composite gaining around 100 points on Friday. The Dow traded up 0.09% to 33,953.96 while the NASDAQ rose 0.73% to 13,779. The S&P 500, also rose, gaining, 0.45% to 4,431.26. Check This Out: Tesla, Amazon And 2 Other Stocks Insiders Are Selling  Leading and Lagging Sectors Energy shares rose by 2.9% on Friday. In trading on Friday, consumer staples shares fell by 0.6%.  Top Headline The U.S. economy added 209,000 jobs in June versus a revised gain of 306,000 jobs in May, recording the lowest reading since Dec. 2020. Analysts were expecting for a gain of 225,000 jobs. The unemployment rate fell to 3.6% in June from

Gainers Prestige Wealth Inc. (NASDAQ:PWM) shares jumped 65.6% to $8.28. Prestige Wealth reported pricing of $5 million initial public offering of 1 million shares of common stock at a price of $5 per share. Gorilla Technology Group Inc. (NASDAQ:GRRR) jumped 68.9% to $3.52 after the company signed a $270 million contract with the Government of Egypt to implement a Smart Government Security Convergence solution. Bluejay Diagnostics, Inc. (NASDAQ:BJDX) shares climbed 64.8% to $0.3576 after dropping over 5% on Thursday. Castle Biosciences, Inc. (NASDAQ:CSTL) shares surged 42.2% to $18.89. Castle Biosciences will present new DecisionDx-SCC and DecisionDx-melanoma data at the American Head

U.S. stocks traded mixed midway through trading, following the release of jobs data on Friday The Dow traded down 0.09% to 33,891.62 while the NASDAQ rose 0.47% to 13,743.79. The S&P 500, also rose, gaining, 0.19% to 4,419.92. Check This Out: Tesla, Amazon And 2 Other Stocks Insiders Are Selling  Leading and Lagging Sectors Energy shares rose by 1.2% on Friday. In trading on Friday, consumer staples shares fell by 0.6%.  Top Headline The U.S. economy added 209,000 jobs in June versus a revised gain of 306,000 jobs in May, recording the lowest reading since Dec. 2020. Analysts were expecting for a gain of 225,000 jobs. The unemployment rate fell to 3.6% in June from 3.7% in May, in-l

iMedia Brands, Inc. (NASDAQ:IMBI) shares are trading lower by 11.19% to $0.12 Friday morning after the company has been notified by Nasdaq that its common stock and 8.5% Senior Notes due 2026 will be delisted as a result of the company's voluntary Chapter 11 bankruptcy filing. What Else? iMedia Brands says trading will be suspended from July 10. The company filed for Chapter 11 bankruptcy on June 28, to pursue strategic alternatives and continue the prepetition sale process. See Also: June Nonfarm Payrolls Miss Estimates Non-compliance notices were previously received for delayed filing of required reports. Earnings calls and investor conference participation are suspended, with updates

Gainers Gorilla Technology Group Inc. (NASDAQ:GRRR) shares surged 51.7% to $3.17 in pre-market trading after the company signed a $270 million contract with the Government of Egypt to implement a Smart Government Security Convergence solution. Bluejay Diagnostics, Inc. (NASDAQ:BJDX) shares gained 21.2% to $0.2630 in pre-market trading after dropping over 5% on Thursday. Trinity Place Holdings Inc. (NYSE:TPHS) shares rose 19.2% to $0.62 in pre-market trading after gaining over 3% on Thursday. BranchOut Food Inc. (NASDAQ:BOF) rose 16.7% to $3.70 in pre-market trading. BranchOut Food recently reported a product development program with U.S. Army to revolutionize MREs with GentleDry Techno

Gainers Caribou Biosciences, Inc. (NASDAQ:CRBU) shares jumped 58.1% to $6.45 after the company announced a $25 million equity investment from Pfizer. Mullen Automotive, Inc. (NASDAQ:MULN) shares climbed 53.1% to $ 0.2616 fter the company on Wednesday announced the retention of a law group to investigate possible naked short selling. The company also announced a buyback on Thursday. T2 Biosystems, Inc. (NASDAQ:TTOO) gained 27.5% to $0.0944. T2 Biosystems announced the conversion of approximately 20% of its term loan with entities affiliated with CRG Servicing LLC into its common stock and Series B convertible preferred stock. Borqs Technologies, Inc. (NASDAQ:BRQS) jumped 23.5% to $0.19

Gainers Allarity Therapeutics, Inc. (NASDAQ:ALLR) shares surged 87% to $11.78 after the company said the initial data from Phase 2 trial of Ixempra shows potential for improved clinical benefit in DRP-selected metastatic breast cancer patients. iMedia Brands, Inc. (NASDAQ:IMBI) shares climbed 85.7% to $0.2201 after dropping 10% on Monday. iMedia Brands recently announced receipt of second Nasdaq non-compliance notice. LightPath Technologies, Inc. (NASDAQ:LPTH) rose 30% to $1.75. Impel Pharmaceuticals Inc. (NASDAQ:IMPL) shares gained 26% to $1.6001 after the company received US patent for respiratory tract delivery of levodopa and DOPA decarboxylase inhibitor for Parkinson's disease G