iMedia Brands (IMBI) Announces Proposed Public Offering of Common Stock

iMedia Brands, Inc. (NASDAQ: IMBI) today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. iMedia Brands also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock sold in the offering. All of the shares in the proposed offering are to be sold by iMedia Brands.

B. Riley Securities, Inc. and Craig-Hallum Capital Group LLC are acting as the joint book-running managers for the offering.

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