Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Legacy IMBDS, Inc. completed a disposition involving IV Media, LLC for $39,947,305.40 (closed 2023-08-16).
- Action
- disposition
- Counterparty
- IV Media, LLC
- Consideration
- $39,947,305.40
- Closing
- 2023-08-16
Exact text from the filing
conditions in the Purchase Agreement, Buyer agreed to purchase substantially all of the Sellers’ assets for aggregate consideration consisting of (i) cash in an amount equal to $39,947,305.40, (ii) if there is a Minimum Cash Shortfall (as defined in the Purchase Agreement), cash in an amount equal to such Minimum Cash Shortfall and (iii) the assumption of the Assumed
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Legacy IMBDS, Inc. entered into Asset and Equity Purchase Agreement with IV Media, LLC valued at $39,947,305.40 (effective 2023-08-15).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- IV Media, LLC
- Value
- $39,947,305.40
- Effective
- 2023-08-15
Exact text from the filing
On August 15, 2023, iMedia Brands, Inc. (the “Company”) and certain of its subsidiaries (together with the Company, collectively, the “Sellers”) entered into an Asset and Equity Purchase Agreement (the “Purchase Agreement”) with IV Media, LLC (“Buyer”), pursuant to which, subject to the terms and conditions in the Purchase Agreement, Buyer agreed to purchase substantially all of the Sellers’ assets for aggregate consideration consisting of (i) cash in an amount equal to $39,947,305.40
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