IDW Media Holdings has announced a private placement, one step of several announced over the past few days to increase the cash available to the company as it invests in growth.

Sales by IDW Media Holding’s publishing division, which includes IDW Publishing, Top Shelf, and IDW Games, were up 20% for the quarter.

Shares of IDW Media Holdings, Inc. have moved up two tiers to the OTCQX, the top tier for trading over-the-counter stocks.

Sales and profits at IDW Media Holdings, parent of IDW Publishing and IDW Games, were up in its fiscal third quarter ended July 31.

IDW Media Holdings, the parent of IDW Publishing, IDW Games, and related entities, combined two pink sheet stocks into one on Tuesday, and split 10 for 1.

IDW Media Holdings made money in its fiscal Q4 ending October 31, 2023, but lost $4.9 million in its full fiscal year.

This new retailer resource offers what will become a running tally of ICv2's top stories, continuing monthly into 2024, easily accessible from the Featured Resources box on the ICv2.com home page.

IDW Publishing showed a loss of $1.28 million in its fiscal Q3 ended July 31, 2023, the result of lower sales coupled with higher expenses.

In Part 2 of columnist Rob Salkowitz's three-part interview, Jonas explains, "[T]he company was headed to insolvency."

IDW Media Holdings is cutting 39% of its workforce, voluntarily delisting from the NYSE American, and replacing its CEO with the largest shareholder's son.