4//SEC Filing
ALDWORTH ALAN W 4
Accession 0001437749-23-010748
CIK 0000870826other
Filed
Apr 19, 8:00 PM ET
Accepted
Apr 20, 4:30 PM ET
Size
6.3 KB
Accession
0001437749-23-010748
Insider Transaction Report
Form 4
ALDWORTH ALAN W
Director
Transactions
- Purchase
7.75% Convertible Promissory Note
2023-04-10$50000.00/shExercise: $0.59Exp: 2024-03-31→ Common Stock (144,988 underlying)
Footnotes (2)
- [F1]Upon the completion of (a) the Company's shareholders approving an increase to the Company's authorized shares in order to provide sufficient authorized but unissued and unreserved shares of Common Stock, par value $0.01 per share ("Common Stock") to permit conversion and any other required shareholder approvals and (b) either (i) the Company's entry into either a new or refinanced asset-based lending facility or (ii) the holders of a majority of the principal amount of the Notes determining that the Company has made sufficient progress towards completion of this refinancing, the outstanding principal and interest accrued (the "Conversion Amount") will be convertible into shares of Common Stock and Common Stock Purchase Warrants. The holder shall receive a number of shares of Common Stock, together with a Common Stock Purchase Warrant to purchase 0.85 shares of Common Stock, determined by dividing the Conversion Amount by $0.58625.
- [F2]Consists of 85,287 common stock shares and 59,701 common stock purchase warrants. The shares may be issued as warrants with an exercise price of $0.00001 per share at the election of the holder.
Documents
Issuer
iMedia Brands, Inc.
CIK 0000870826
Entity typeother
Related Parties
1- filerCIK 0001220862
Filing Metadata
- Form type
- 4
- Filed
- Apr 19, 8:00 PM ET
- Accepted
- Apr 20, 4:30 PM ET
- Size
- 6.3 KB