IDW - IDW STOCK NEWS

IDW Media Holdings has appointed Sanford R. Climan as Vice Chairman of its Board, effective December 3, 2021. Climan, who replaces Marc E. Knoller, brings extensive experience from the entertainment industry, including a history in film and television production and corporate strategy at Universal Studios. Climan's role aims to enhance IDW's development of original content across various platforms. The board views his expertise as vital for growth. The announcement highlights IDW's commitment to expanding its content strategy into 2022 and beyond.

IDW Media Holdings (NYSE American: IDW) continues to expand its strategy by launching several original titles aimed at building valuable franchises. Recent releases include A Ballad for Sophie, Scarenthood, and Rivers, showcasing themes of creativity, parenthood, and human connection. CEO Ezra Rosensaft emphasized the importance of unique content in growing their library across various entertainment platforms. The company is committed to leveraging partnerships with talented creators to deliver compelling stories and characters for global audiences.

IDW Media Holdings reported a net loss per share of $0.09 for 3Q21, with total revenue of $6.8 million, a decrease from $8.5 million year-over-year. Notably, IDW Publishing revenue surged by 30% to $6.8 million, marking its highest third-quarter revenue in five years, driven by direct market sales. The company completed a capital raise generating net proceeds of $9.6 million to enhance original content investment. Despite the losses, operational metrics improved, with a decreased loss from operations at $2.1 million compared to $3.4 million last year.

IDW Media Holdings (NYSE AMERICAN:IDW) is set to present at the Sidoti August 2021 Microcap Conference on August 19th, 2021. Karina Fedasz, the Chief Financial Officer, will share a comprehensive overview of the company's operations, strategy, and financial performance from 10:45 AM to 11:15 AM EDT. Following a recent uplisting and successful capital raise, IDW is intensifying its acquisition of original intellectual property and enhancing its publishing and entertainment divisions to capitalize on the growing demand for original content in the competitive streaming market.

IDW Media Holdings (NYSE American:IDW) announced the successful completion of a capital raise totaling approximately $10.4 million in gross proceeds. The company plans to utilize these funds to enhance its acquisition of original intellectual property (IP), improve direct-to-consumer marketing tools, and refine business analytics. CEO Ezra Rosensaft emphasized the strategic focus on developing original content to meet market demand. Following the offering, IDW now has 12.4 million shares of Class B Common stock outstanding, with a notable participation of approximately 25% from its Board and management.

IDW Media Holdings, an integrated media company, successfully closed a public offering of 2,875,000 shares of its Class B Common Stock, generating approximately $10.4 million in gross proceeds at a price of $3.60 per share. This offering included the complete exercise of the underwriter’s over-allotment option. The shares began trading on NYSE American under the symbol IDW on August 4, 2021. The offering was managed by EF Hutton, and a registration statement was declared effective by the SEC on August 2, 2021.

IDW Media Holdings has announced the pricing of its underwritten public offering of 2,500,000 shares of Class B Common Stock at $3.60 per share, aiming for gross proceeds of approximately $9 million. The offering includes a 45-day option for underwriters to purchase an additional 375,000 shares. The expected closing date is around August 6, 2021, with trading on NYSE American commencing on August 4, 2021. EF Hutton serves as the sole book-running manager, and the registration statement has been effective since August 2, 2021.