Blue Apron stock falls more than 20% on share offering, says proceeds could be used to help explore ‘potential business combination’

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Shares of Blue Apron Holdings Inc. plummeted 21.7% after hours on Friday after the meal-kit deliverer filed an at-the-market offering of up to $70 million...

Shares of Blue Apron Holdings Inc.

plummeted 21.7% after hours on Friday after the meal-kit deliverer filed an at-the-market offering of up to $70 million that would allow the company to offer or sell stock — potentially to allow room to explore “a potential business combination or other strategic transaction.” The offering is “intended to provide the company with access to capital from time to time,” company executives said in a statement.

plummeted 21.7% after hours on Friday after the meal-kit deliverer filed an at-the-market offering of up to $70 million that would allow the company to offer or sell stock — potentially to allow room to explore “a potential business combination or other strategic transaction.” The offering is “intended to provide the company with access to capital from time to time,” company executives said in a statement.

 

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Lol this dumpster fire $aprn

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