Form Type: 4

SEC EDGAR Link
Accession Number:0001437749-22-012367
Date:2022-05-11
Issuer: IMEDIA BRANDS, INC. (IMBI)
Original Submission Date:

Reporting Person:

FRIEDMAN MICHAEL
6740 SHADY OAK ROAD
EDEN PRAIRIE, MN 55344-3433

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2022-05-11 P 195,440 a $3.07 1,182,063 direct
COMMON STOCK 2022-05-11 0 $0.00 147,347 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
WARRANTS (RIGHT TO BUY) 2.94 2022-05-11 deemed execution date P 195,440 (a) common stock 195,440 $2.94 195,440 direct
Footnotes
IDfootnote
f1 represents shares of common stock that the registrant has committed to purchase in a direct registered offering offering by the issuer, in which the registrant will be required to close the transaction, subject to customary closing conditions, within 180 days of the effective date of an amendment to the issuer's articles of incorporation to increase the number of authorized shares of the issuer's common stock to at least 40 million shares, which requires receipt of shareholder approval.
f2 once issued, exercisable upon the effective date of an amendment to the issuer's articles of incorporation to increase the number of authorized shares of the issuer's common stock to at least 40 million shares (such date, the "effective date"), which requires receipt of shareholder approval (such approval, "shareholder approval"), until the earlier of (a) five years from the effective date and (b) six years from the date of warrant issuance.
f3 represents warrants that are to be issued to the registrant within 180 days of the receipt of shareholder approval. the issuer committed to issue such warrants in connection with its direct registered offering.
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