iMedia Brands Receives Delisting Notice From Nasdaq Following Chapter 11 Filing
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iMedia Brands Receives Delisting Notice From Nasdaq Following Chapter 11 Filing
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B. Riley Securities initiated coverage of iMedia Brands with a rating of Buy and set a new price target of $22.00
DA Davidson reiterated coverage of iMedia Brands with a rating of Buy and set a new price target of $19.00 from $12.00 previously
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
SC 13G/A - iMedia Brands, Inc. (0000870826) (Subject)
SC 13D/A - iMedia Brands, Inc. (0000870826) (Subject)
SC 13G - iMedia Brands, Inc. (0000870826) (Subject)
4 - iMedia Brands, Inc. (0000870826) (Issuer)
4 - iMedia Brands, Inc. (0000870826) (Issuer)
4 - iMedia Brands, Inc. (0000870826) (Issuer)
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
8-K - Legacy IMBDS, Inc. (0000870826) (Filer)
8-K - Legacy IMBDS, Inc. (0000870826) (Filer)
8-K - Legacy IMBDS, Inc. (0000870826) (Filer)
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
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.
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