Investor News | June 5, 2024

IDW Media Announces Extension for Subscriptions in Initial Round of Private Placement Offering

LOS ANGELES, CA and NEWARK, NJ – June 5, 2024:  IDW Media Holdings, Inc., (the “Company” or “IDW”) (OTCQB: IDWM), an integrated media company, announced that the deadline for submitting subscriptions in the initial round of the previously announced non-brokered private placement offering of shares of the Company’s Class B Common Stock to certain existing stockholders is being extended to June 10, 2024.

The closing of the initial round remains scheduled for June 12, 2024, as previously announced. The extended deadline will provide existing stockholders with additional time to submit their subscriptions and participate in the offering at a price of $0.32 per share.

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 and license 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, 2023, and subsequent reports that we have made 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.