iMedia Brands (IMBI) Prices 4.83M Share Common Offering at $9/Sh
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iMedia Brands Announces Pricing of $43.5 Million Public Offering of Common Stock
June 10, 2021 6:00 AM EDTMINNEAPOLIS, June 10, 2021 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (NASDAQ: IMBI) today announced the pricing of an underwritten public offering of 4,830,918 shares of its common stock, at a public offering price of $9.00 per share. In addition, iMedia Brands has granted the underwriter a 30-day option to purchase up to an additional 724,638 shares of common stock at the public offering price. All of the securities in the offering are being sold by iMedia Brands. The offering is expected to close on or about June 14, 2021, subject to customary closing conditions.
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