Retail chain Bed Bath & Beyond announced it is planning to raise $1 billion through preferred stock offerings and warrants in an effort to stave off bankruptcy.
said on Monday it was planning to raise some $1 billion through an offering of preferred stock and warrants in a last-ditch effort to stave off bankruptcy.
Shares of the retailer, which closed up 92.1% at $5.86 in a roller-coaster session, were down 33.5% in extended trading after news of the proposed offering.has been part of the meme stock phenomenon, with shares skyrocketing as much as 400% in 2021 when activist investor and Gamestop Corp chairman Ryan Cohen took a stake and sought changes.
In addition to 150 store closures announced in 2022, the company is now saying it will close 87 additional Bed Bath & Beyond stores and five buybuy BABY stores. The company is also shutting down its
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Bed Bath & Beyond moves to raise $1 bln as bankruptcy clouds loomBed Bath & Beyond Inc said on Monday it was planning to raise some $1 billion through an offering of preferred stock and warrants, in a last-ditch effort to stave off bankruptcy.
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Bed Bath & Beyond moves to raise $1 bln to avoid bankruptcyBed Bath & Beyond Inc said on Monday it was planning to raise some $1 billion through an offering of preferred stock and warrants in a last-ditch effort to stave off bankruptcy.
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Bed Bath & Beyond's stock soars as much as 120% as retailer nears bankruptcyBed Bath & Beyond Inc.'s stock undefined spiked as much as 120% Monday even as the retailer indicated it has missed payments to debt holders and could file...
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