IDW Media Holdings | August 7, 2017


Stamford, CT; San Diego, CA (August 7, 2017) – IDW Media Holdings, Inc. (OTCQX: IDWM) announced the completion and closing of the second and final round of the previously announced non- brokered private placement offering of shares of its Class B Common Stock to certain existing stockholders at $29.50 per share. The second round of the offering involved the purchase of shares by participants in the initial offering who elected to participate in the purchase of additional unsubscribed shares of Class B Common Stock.

In connection with the second round of the offering, the Company issued another 40,154 shares of Class B Common Stock for a total of 357,674 shares of Class B Common Stock and total gross proceeds of $10,551,383. Following the issuance there are currently a total of 5,565,485 shares of Class B Common Stock and 545,360 shares of Class C Common Stock issued and outstanding (excluded from these numbers are 519,360 shares of Class B Common Stock held in treasury by the Company). As disclosed previously, the proceeds from the offering will be used by the Company to finance the Company’s IDW Entertainment division, and for general working capital purposes. The shares are subject to a contractual restriction on transfer for twelve months following the closing of the offering.

All statements above 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 within the meaning of the Private Securities Litigation Reform Act of 1995. 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. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, we assume no obligation to update any forward-looking statements.


About IDW Media Holdings

IDW Media Holdings, Inc. (OTCQX: IDWM) is a fully integrated media company, which includes the award-winning IDW Publishing, IDW Games, IDW Entertainment, Top Shelf Productions, the San Diego Comic Art Gallery, and CTM Media Group Inc. CTM Media Group Inc. is one of North America’s largest distributors of tourism information. Distributing over 100 million brochures last year, CTM’s comprehensive visitor out of home marketing network includes over 14,000 brochure information displays and over 400 award-winning touch screen kiosks.

Les Rozner (203) 716-8376