IMedia Brands said it’s unable to file its quarterly report for the fiscal quarter ended Oct. 29 within the prescribed time period without unreasonable effort and expense.
- “Additional time is needed for management to fulfill its responsibility to evaluate the adequacy of the company’s liquidity disclosures as part of assessing the company’s ability to continue as a going concern,” according to a regulatory filing
- Working with its asset-based lender, Siena Lending Group, to address the company’s compliance with certain covenants under their loan agreement
To view the source of this information, click
To contact the reporter on this story: ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.