ShopNBC Prepares to Raise Up to $75 Million in New Stock Offering

On Monday, ShopNBC filed form S-3, a short form, shelf registration agreement, with the U.S. Securities and Exchange Commission that will enable the company to raise up to $75 million by initiating a public offering quickly at a time of its choosing in the coming months.  The filing underscores the continuing precariousness of the DRTV network’s financial position.  “We have a history of losses and a high fixed cost operating base and may not be able to achieve or maintain profitable operations in the future,” the retailer warned in its filing.  Homeshoppingista Jul. 26, 2010