iMedia Brands has filed a notice of an exempt offering of securities to raise $3,500,000.00 in New Debt Financing.
According to filings with the U.S. Securities and Exchange Commission, iMedia Brands is raising $3,500,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Timothy Peterman played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About iMedia Brands
iMedia Brands, Inc. (Nasdaq: IMBI) is a leading interactive media company that owns a growing portfolio of lifestyle television networks, consumer brands, online marketplaces and media commerce services that together position the Company as a leading single-source partner to television advertisers and consumer brands seeking to entertain and transact with customers using interactive video.
To learn more about iMedia Brands, visit http://www.imediabrands.com/
Contact:
Timothy Peterman, Chief Executive Officer
612-947-5200
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