Certain Options of iMedia Brands, Inc. are subject to a Lock-Up Agreement Ending on 8-SEP-2021.
September 07, 2021
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Certain Options of iMedia Brands, Inc. are subject to a Lock-Up Agreement Ending on 8-SEP-2021. These Options will be under lockup for 91 days starting from 9-JUN-2021 to 8-SEP-2021.
Details:
The executive officers, directors, and all of the holders of equity securities have entered into a lock up agreement pursuant to which, they will not to offer, pledge, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, make any short sale or otherwise transfer or dispose of, directly or indirectly, any shares of common stock or any securities convertible into or exchangeable or exercisable for common stock, for a period of 90 days after the date of the final prospectus, without the prior written consent of B. Riley Securities, Inc. on behalf of the underwriters.
Legacy IMBDS, Inc., formerly iMedia Brands, Inc., is a global media company. It owns and operates four television networks, which are ShopHQ, ShopBulldogTV, ShopHQHealth and 123tv. Its flagship network, ShopHQ is a multiplatform interactive television network offering a balanced assortment of name brands to consumers in an engaging and informative shopping environment via television, online and mobile. 123tv is the interactive media company disrupting Germanyâs television retailing marketplace with its Dutch auction style live and automated auctions that engages consumers with 123tvâs balanced merchandising mix of compelling products shipped directly to their homes. Bulldog is a menâs shopping and lifestyle television network offering menâs merchandise, entertainment and services. ShopHQHealth is a Health and Wellness focused network that offers an assortment of products and services to address the physical, spiritual, and mental health needs of its customers and their families.