{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-093949","form_type":"8-K","ticker":null,"cik":"0000870826","company_name":"Legacy IMBDS, Inc.","filed_at":"2023-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.830162+00:00","generated_at":"2026-06-11T06:40:36.692625+00:00","sec_items":["1.01","2.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"iMedia Brands sells substantially all assets for $39.9M cash to IV Media under Chapter 11 sale","bullets":["Bankruptcy Court entered Sale Order on Aug 15, 2023; transaction closed on Aug 16, 2023.","Purchase price includes $39,947,305.40 cash plus potential Minimum Cash Shortfall and assumption of Assumed Liabilities.","Buyer is IV Media, LLC, with guarantor Innovation Ventures, LLC.","DIP facility repaid in full, subject to DIP Reserve Amount of up to $3,000,000.","Company intends to file a plan of liquidation and may dissolve after distribution of net proceeds."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-093949","json":"https://secwatch.observer/filing/0001104659-23-093949.json","markdown":"https://secwatch.observer/filing/0001104659-23-093949.md","text":"https://secwatch.observer/filing/0001104659-23-093949.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/870826/000110465923093949/0001104659-23-093949-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/870826/000110465923093949/tm2324207d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T06:40:36.692625+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"012f04e3c72ec0719cb1f52636f4544af86b548f","claim":"Legacy IMBDS, Inc. completed a disposition involving IV Media, LLC for $39,947,305.40 (closed 2023-08-16).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/870826/000110465923093949/0001104659-23-093949-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"IV Media, LLC"},{"label":"Consideration","value":"$39,947,305.40"},{"label":"Closing","value":"2023-08-16"}],"fact_type":"ma_transaction"},{"claim_id":"f69d1628b6b44a205a27fb48bf5faff124f28357","claim":"Legacy IMBDS, Inc. entered into Asset and Equity Purchase Agreement with IV Media, LLC valued at $39,947,305.40 (effective 2023-08-15).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/870826/000110465923093949/0001104659-23-093949-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"IV Media, LLC"},{"label":"Value","value":"$39,947,305.40"},{"label":"Effective","value":"2023-08-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}