On November 26, 2019, iMedia Brands, Inc. (IMBI) entered into an asset purchase agreement with JWH Acquisition Company (a wholly owned subsidiary of IMBI), J.W. Hulme Company, LLC (J.W. Hulme) and OCI-JWH, LLC. Faegre Baker Daniels represented IMBI in the deal.
IMBI issued 2,910,000 restricted shares of IMBI common stock. In exchange for the JWH Shares, IMBI acquired substantially all of the assets of J.W. Hulme, a company specializing in artisan-crafted leather products, including handbags and luggage.