Shares of Bed Bath & Beyond Inc. sank 3.6% toward a record low in morning trading Thursday, after the troubled home goods retailer said it launched an...
Shares of Bed Bath & Beyond Inc.
sank 3.6% toward a record low in morning trading Thursday, after the troubled home goods retailer said it launched an at-the-market offering to sell up to $300 million worth of its common stock. That compares with the company’s current market capitalization of $90.3 million. B. Riley is the sales agent for the offering. Bed Bath also disclosed that it has entered into a stock purchase agreement with B. Riley Principal Capital II to provide additional capital to the company.
sank 3.6% toward a record low in morning trading Thursday, after the troubled home goods retailer said it launched an at-the-market offering to sell up to $300 million worth of its common stock. That compares with the company’s current market capitalization of $90.3 million. B. Riley is the sales agent for the offering. Bed Bath also disclosed that it has entered into a stock purchase agreement with B. Riley Principal Capital II to provide additional capital to the company.
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