Bed Bath & Beyond Inc (fka BBBYQ)

[RickNagra]

Check out the companies making headlines in midday trading.

Bed Bath & Beyond - Shares of the home goods retailer dropped nearly 16% after the company once again warned it may need to file for bankruptcy as it proposed a $300 million stock offering. The beleaguered company also said the loans it secured last year were downsized.

[RickNagra]

Start buying folks over $5 today. I know everything and you guys don’t know.

[RickNagra]

Yugely yuge find get ready for $25.

[ttottip]

Next week under a dime. BBBY is destined to bankrupt.

[Lolo12]

They are running like cockroaches from garbage

[Lolo12]

People all the to $0.001

[jimr1717]

.001 soon Zzzz

[rudik]

Blood bath and beyond ??

[eastunder]

PROSPECTUS SUPPLEMENT

https://www.sec.gov/Archives/edgar/data/886158/000119312523084693/d468823d424b5.htm

Wow. This one is an important one.

Page S-5

If the Company does not receive the proceeds from the offering of securities covered by this prospectus supplement, we expect that we will likely file for bankruptcy protection.

If the Company does not receive the proceeds from the offering of securities covered by this prospectus supplement, we expect that we will likely file for bankruptcy protection. The Company believes that present fair market value of the assets of the Company are less than the total amount required to pay the probable liabilities of the Company on its total existing debts and liabilities (including contingent liabilities) as they become absolute and matured. Subject to certain limitations in the sales agreement and compliance with applicable law, we have the discretion to deliver instruction to BRS to use its commercially reasonable efforts to sell shares of our common stock at any time throughout the term of the sales agreement, but BRS will be under no obligation to sell or purchase any securities under the sales agreement. The number of shares that are sold through BRS after our instruction will fluctuate based on a number of factors, including the market price of our common stock during the sales period, the limits we set with BRS in any instruction to sell shares, and the demand for our common stock during the sales period. Because the price per share of each share sold will fluctuate during this offering, it is not currently possible to predict the gross proceeds to be raised in connection with those sales. In addition, the sales agreement requires that the Company meet certain conditions at each time of sale, including that our common stock shall remain listed on a national securities exchange, that we have sufficient authorized common stock to issue the shares subject to such closing, that we have not filed for bankruptcy protection and that there is no default or event of default under our Credit Agreement or other obligations that would cause a material adverse effect. We may not satisfy the conditions in the sales agreement, and therefore we may not receive the potential proceeds from this offering. If we do not receive the proceeds from this offering, whether because we cannot satisfy the conditions in the sales agreement or otherwise, irrespective of our execution of our transformative plan, then we expect that we will likely file for bankruptcy protection, in which case holders of our common stock will likely receive no recovery at all for the securities offered hereby.

[eastunder]

Bed Bath & Beyond Inc. Launches New $300 Million At-the-Market Offering Program

https://www.sec.gov/Archives/edgar/data/886158/000119312523084725/d477204dex991.htm

EX- 99.1

UNION, N.J., March 30, 2023 — Bed Bath & Beyond Inc. (Nasdaq: BBBY) (the “Company”) announced today that it filed a prospectus supplement with the U.S. Securities and Exchange Commission (“SEC”) under which it may offer and sell up to $300 million of shares of its common stock from time to time through an “at-the-market” offering program (“ATM Program”) with a maximum aggregate offering amount of up to $300 million. The timing and amount of any sales will be determined by a variety of factors considered by the Company.

Common Stock will be offered through B. Riley Securities Inc. (“B. Riley”), which is serving as the sales agent. B. Riley may sell Common Stock by any lawful method deemed to be an “at-the-market offering” defined by Rule 415(a)(4) of the Securities Act of 1933, as amended, including without limitation, sales on any existing trading market. Sales may be made at market prices prevailing at the time of a sale or at prices related to prevailing market prices. As a result, sales prices may vary.

The Company’s prospectus supplement filed today supplements information contained in the accompanying prospectus contained in the shelf registration statement on Form S-3 (File No. 333-267173) for the offering of Common Stock. Potential investors should review the prospectus, the prospectus supplement and all other related documents that the Company has filed with the SEC for complete corporate information, including information pertaining to the ATM Program and the risks associated with investing in the Company. Investors can obtain copies of the prospectus supplement and the accompanying prospectus by visiting the SEC’s website at www.sec.gov. Alternatively, potential investors may contact B. Riley, who will arrange to provide them these documents, by telephone at (703)-312-9580 or by email at [e-mail].

EX - 99.2

Bed Bath & Beyond Inc. Enters into Committed Equity Facility for Additional Funding

Builds on Recent Launch of New At-the-Market Offering

Terminates Previously Issued Warrants for Series A Convertible Preferred Stock

Provides Business Update

https://www.sec.gov/Archives/edgar/data/886158/000119312523084725/d477204dex992.htm

UNION, N.J., March 30, 2023 — Bed Bath & Beyond Inc. (Nasdaq: BBBY) (the “Company”) announced today that concurrent with a new, At-The-Market offering program (“ATM Program”) launched earlier today, the Company has also entered into a common stock purchase agreement and a registration rights agreement (collectively, “Committed Equity Facility”) with B. Riley Principal Capital II, LLC to provide additional capital to the Company. Simultaneously, the Company is terminating its previous public equity offering and all outstanding warrants for Series A Convertible Preferred Stock associated with that offering. The Company intends to file a registration statement on Form S-1 with respect to the Committed Equity Facility, upon the effectiveness of which the Company would be permitted to begin selling additional securities pursuant to its terms.

The potential net proceeds from these financing transactions will be used immediately to fulfill conditions set forth in an amendment to the Company’s credit facility filed earlier today. The Company expects to utilize its amended credit facility to enable its strategic initiatives in fiscal 2023, such as investing in merchandise inventory, which will be further supported by a realigned store footprint and cost structure.

Sue Gove, President & CEO of Bed Bath & Beyond Inc. said, “The actions we’ve taken have enabled us to create the necessary financial runway to begin restoring our iconic Bed Bath & Beyond and buybuy BABY businesses. We have raised $360 million of equity capital since the beginning of February, cured our default under our credit agreement, repaid material amounts of our ABL facility, completed our interest payment for our Senior Notes, all while jumpstarting our turnaround plans.”

Ms. Gove continued, “The customer experience remains our top priority and we are making meaningful progress to improve our business and calibrate to customer demand. In addition to leveraging our recent capital to reinvest in high demand inventory, we are also developing a third-party consignment program that will allow us to fortify our product assortments by expanding merchandise availability from key supplier partners. We are on pace to achieve our target of 360 top-performing Bed Bath & Beyond stores by the end of April, in addition to our existing 120 buybuy BABY stores. In conjunction with our online business, these productive stores are pivotal to our omni-channel strategy and future profitability.”

Ms. Gove concluded, “As demonstrated by our plans for additional equity capital, our work remains focused on creating operational and financial avenues for further progress. We believe today’s launch of the ATM Program will expand the reach of our equity program, and accelerate the return of our nationally recognized Bed Bath & Beyond and buybuy BABY brands back to prominence.”

As of March 27, 2023, the Company had a total of approximately 435 million shares of common stock issued, and approximately 295 million shares of common stock available for issuance.

In conjunction with today’s business update, the Company is providing the following preliminary financial results for the fiscal 2022 fourth quarter (ended February 25, 2023):


Net Sales of approximately $1.2 billion

Comparable Sales decline in the 40% to 50% range1

Continuation of negative operating losses

Modest free cash flow usage

The Company has not yet completed its fiscal year 2022 fourth quarter and full year financial close and plans to provide its full financial results for the fiscal 2022 fourth quarter and full year at the end of April 2023. Until that time, the preliminary results described in this press release are estimates only and remain subject to change and finalization.

[girlfriend]

.67 BBBY

Money "Maker" $70 or $100 "value" still good on this?

LOLOLO

[Grandmasim]

lolllllll

[BUFCARP]

Yeah.. it’s a meme stock .. dilution at this stage is good in a way .. they will pump it to sell into volume.. social media wants a catalyst.. maybe Walmart man will give it to them

[girlfriend]

.76

BUF you still holding this money losing trash? Hope you make some kind of bank here.

[Grandmasim]

LMFAOOOOOOOOOOOOOOOOOO

[Talc Moan]

Lololololol another 300 Million of dilution coming. But but but I thought all the debt was paid on Blood bath and Beyond lololololol

[Stevenvegas]

OK that was good news followed by a ton of dilution SEC filings. All out. BBBY will most likely survive but retailers will get hosed

[Stevenvegas]

Walmart executive to lead BBBY https://www.hometextilestoday.com/retail/bed-bath-beyond-taps-former-walmart-exec-to-head-bbb-business/

[Grandmasim]

YIKES!

$2,40-$2,50 was bottom.

Wait no.....

.78-.80 was bottom.

Wait no....

LMFAO

BBBYQ on deck :)

[Grandmasim]

BBBYQ on deck :)

[BUFCARP]

Doubt it ..

[MasterBlastr]

90% off store closing sales, then haul off the rest of the trash and dump it in the landfill.

The End

[jimr1717]

BBBYQ

[MasterBlastr]

Yeah right buy $5 billion of debt for $3 billion. Debt holders get a 40% haircut, shareholders get zip. That is about how its going to turn out.

[MoneyMaker111]

BBBY: "Green is Good" Round 2. SEE IT:



Congratulations, BBBY longs. We made it!!! Last opportunities here to load up the truck with discounted shares, as the 98% discount to value has already been proven.

$BBBY
#BBBY

[MoneyMaker111]

BBBY: Either way, just valued 3,100.00% x current PPS

Congratulations, BBBY longs. We made it!

$BBBY
#BBBY

[MoneyMaker111]

BBBY: Hence the ~$3B buyout, and likely spinoff of Baby

‘split-off’ form of IPO/merger which could rationalize this dilutive acquisition. In short, a split off scenario would consist of bed bath parent company would IPO baby up to 20% of the shares being available for public sale. The interesting thing about a split off is current share holders of the parent company get the choice to convert their BBBY ticker shares to the new BABY shares. This theoretically off-sets the most current dilution. BBBY keeps the money from recent equity sale to pay off debt. Bbby also make money from public baby sale of IPO shares. Preferred share owner converts to common shares of bbby to then convert to new baby shares and own significant portion of the new company while then bbby shares outstanding significantly reduce due to the dilution of shares being converted to baby. Investors can and would buy bbby stock prior to the IPO for the incentivised baby stock. Win win win for everyone except for shorts.

https://bedbathandbeyond.gcs-web.com/node/16981/html

Congratulations longs. We made it.

$BBBY
#BBBY

[MasterBlastr]

Still has over $5 billion of debt. All they did was catch up on interest payments. They haven't touched the principal in . . . forever.

[Grandmasim]

Apparently it hit bottom in the $2.50 range already?


Sunday, December 25, 2022 1:21:39 PM
BBBY: It's good: $BBBY hit its bottom last week

[MoneyMaker111]

BBBY: Buyer of $BBBY clearly-saw value as 3,100.00% higher

$BBBY
#BBBY

[MoneyMaker111]

BBBY: Yet, current market cap shows as $94M? lmao

$BBBY
#BBBY

[MoneyMaker111]

BBBY: $2.881 Billion for $BBBY assets

This is further evidence of a dilutive acquisition that then could allow for Icahn to take BBBY legacy, and Ryan Cohen to take buy buy baby

https://bedbathandbeyond.gcs-web.com/node/16981/html

*‘split-off’ form of IPO/merger which could rationalize this dilutive acquisition. In short, a split off scenario would consist of bed bath parent company would IPO baby up to 20% of the shares being available for public sale. The interesting thing about a split off is current share holders of the parent company get the choice to convert their BBBY ticker shares to the new BABY shares. This theoretically off-sets the most current dilution. BBBY keeps the money from recent equity sale to pay off debt. Bbby also make money from public baby sale of IPO shares. Preferred share owner converts to common shares of bbby to then convert to new baby shares and own significant portion of the new company while then bbby shares outstanding significantly reduce due to the dilution of shares being converted to baby. Investors can and would buy bbby stock prior to the IPO for the incentivised baby stock. Win win win for everyone except for shorts.*

$BBBY
#BBBY

[girlfriend]

"Now BBBY is free to fly.

Good luck all! We made it. "


When? To $70...$100? Reddit crowd ready finally?

[MoneyMaker111]

BBBY: Bottom now-in-the-past (and volume) reveals newfound Up Trend



$BBBY
#BBBY

[MoneyMaker111]

BBBY: $180M fraudulent swap expired today...

HKD scam (fraudulent pump and dump ticker [maliciously headquartered out of hong kong, mind you] which is used as loop capital's margin collateral for their already-failing short $BBBY position[s]) subsequently pump and dumped $200M

Now BBBY is free to fly.

Good luck all! We made it.

$BBBY
#BBBY

[girlfriend]

$70 or $100 which one and when

[MoneyMaker111]

BBBY: "Green Is Good." SEE IT:



$BBBY
#BBBY

[MoneyMaker111]

BBBY: Don't miss the FUN price action coming next

$BBBY
#BBBY

[MoneyMaker111]

BBBY: Stock is up while the macro markets crash

Welcome to the new Bed Bath and Beyond company

$BBBY
#BBBY

[dwagom04]

Admittedly shorts have had a chance to cash out well during this plunge the last few months. Will be interesting to see how this plays out over these next few weeks.

[MasterBlastr]

BBBY Shorty

[shajandr]

BBBY -----> BK

[jimr1717]

BBBYQ

[eastunder]

I agree but I think they will reverse split first. Give it a go. They have fought too hard to just throw in the towel without trying everything.

Then maybe buybuybaby will be sold? Try that?

(I would be thrilled if they sold that! Keep buybuybaby alive. It's a great store.)

Then BK

[Grandmasim]

That's it. a TRAP being laid.....

LOLLLLLLLLLLLLLL

[dwagom04]

When you read the headlines and not full filings, you would think BK. That's the trap being laid.

Up to 30k shares now. Cost average is falling quickly, and I am loving it. Been in this play since late September. Right before the CFO jumped/got pushed off the 24th floor.

I guess it'll end up being our bets vs. theirs. I'm feeling good about these next few weeks, Steven. Time lines are matching up too well to be a coincidence.

Cheers

[Grandmasim]

Yep yep yep :)

[Talc Moan]

Debts are not paid. They release more amendments the las few weeks increasing the amount of toxic debt and lowered the floor so they can make the next payment.

[Stevenvegas]

there's no reason for BK. Debts are paid, credit lines are open, they've raised $450 mil, they've closed lose leaders and seemingly have friendly VC funder.

[Stevenvegas]

It's just a vote to do it. They can also not execute it as they stated. I personally think they don't need it. Also FINRA will take a long time to approve it.