Blue Apron Holdings Inc (APRN)

[Hercules1]

$APRN:

huge short squeeze play:

Blue Apron (APRN), in a statement, said it received $1 million of a $56.5 million private placement commitment from affiliates of that investor, Joseph Sanberg. In exchange, Blue Apron will issue 176,991 of its Class A priced at $5.65 each.

The company also said that "Sanberg has stated that he and his affiliates remain committed to funding the remaining purchase obligation of $55.5 million at $5.65 per share under the private placement agreement."


this stock is going to $5 in the near term.