Bed Bath & Beyond stock sinks toward record low after $300 stock offering, which represents more than triple the retailer’s market value

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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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I don’t think $300 is gonna save them at this point. But if they need it I can Venmo

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