LOS ANGELES, CA - July 9, 2025: IDW Media Holdings, Inc., (the "Company" or "IDW") (OTCQB: IDWM), an integrated media company, today announced that the previously disclosed 1-for-100 reverse stock split (the "Reverse Stock Split") of its Class B Common Stock, Class C Common Stock, and Preferred Stock, will be effective as of July 10, 2025. Additionally, the Company's sixth amended and restated Certificate of Incorporation was filed and effective as of June 18, 2025.
As previously announced on April 8, 2025, the Reverse Stock Split combines every one hundred (100) shares of each class of the Company's stock into one (1) share of the same class. Stockholders entitled to fractional shares as a result of the Reverse Stock Split will receive a cash payment in lieu of such fractional shares, calculated based on the fair market value of the shares as of July 9, 2025. The amended and restated Certificate of Incorporation reduces the total number of authorized shares of all classes of capital stock from 38,000,000 to 380,000, consisting of 350,000 shares of Class B Common Stock, 25,000 shares of Class C Common Stock, and 5,000 shares of Preferred Stock, each with a par value of $0.01 per share.
Stockholders will receive further details regarding the cash payment for fractional shares and other instructions regarding any actions required in connection with the Reverse Stock Split via direct communication from the Company, its transfer agent, or their relevant broker.
For additional inquiries regarding the Reverse Stock Split, stockholders may contact david.jonas@idwmh.com.
About IDW Media Holdings:
IDW (OTCQB: IDWM) is an integrated media company providing compelling stories and characters for global audiences. Our IDW Publishing and IDW Entertainment businesses acquire IP for holistic franchise development across comics and graphic novels, television and other entertainment platforms and leverage established stories from our creative partners.
Forward-Looking Statements:
In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate, "target" and similar expressions, are forward-looking statements. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our Annual Report for the fiscal year ended October 31, 2024 (under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations"), and subsequent reports that we may make available. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.
Company Contact:
Davidi Jonas
IDW Media Holdings, Inc.
david.jonas@idwmh.com
As previously announced on April 8, 2025, the Reverse Stock Split combines every one hundred (100) shares of each class of the Company's stock into one (1) share of the same class. Stockholders entitled to fractional shares as a result of the Reverse Stock Split will receive a cash payment in lieu of such fractional shares, calculated based on the fair market value of the shares as of July 9, 2025. The amended and restated Certificate of Incorporation reduces the total number of authorized shares of all classes of capital stock from 38,000,000 to 380,000, consisting of 350,000 shares of Class B Common Stock, 25,000 shares of Class C Common Stock, and 5,000 shares of Preferred Stock, each with a par value of $0.01 per share.
Stockholders will receive further details regarding the cash payment for fractional shares and other instructions regarding any actions required in connection with the Reverse Stock Split via direct communication from the Company, its transfer agent, or their relevant broker.
For additional inquiries regarding the Reverse Stock Split, stockholders may contact david.jonas@idwmh.com.
About IDW Media Holdings:
IDW (OTCQB: IDWM) is an integrated media company providing compelling stories and characters for global audiences. Our IDW Publishing and IDW Entertainment businesses acquire IP for holistic franchise development across comics and graphic novels, television and other entertainment platforms and leverage established stories from our creative partners.
Forward-Looking Statements:
In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate, "target" and similar expressions, are forward-looking statements. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our Annual Report for the fiscal year ended October 31, 2024 (under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations"), and subsequent reports that we may make available. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.
Company Contact:
Davidi Jonas
IDW Media Holdings, Inc.
david.jonas@idwmh.com
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