Bed bath & beyond inc. announces completion of public equity offering and provides strategic update

Net proceeds of offering to immediately repay abl facility default under credit agreement waived company's turnaround plans to be further supported by realigned store footprint and cost structure union, n.j. , feb. 7, 2023 /prnewswire/ -- bed bath & beyond inc. (nasdaq: bbby) today announced the closing of an underwritten public offering (the "offering") of (i) shares of the company's series a convertible preferred stock (the "series a convertible preferred stock"), (ii) warrants to purchase shares of series a convertible preferred stock, and (iii) warrants to purchase the company's common stock.
BBBY Ratings Summary
BBBY Quant Ranking