The US Bankruptcy Court gave an order approving the sale of substantially all the assets of iMedia Brands, Inc. on August 15, 2023. The debtor has been authorized to sell substantially all its assets to IV Media, LLC for a purchase price of $39.95 million in cash plus if the amount of cash and cash equivalents held by sellers at closing is less than the minimum cash amount, cash in an amount equal to the difference between the minimum cash amount and the closing Cash.