Bed Bath & Beyond (BBBY) Amends Equity Offering Agreement
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Bed Bath & Beyond Inc. Amends Equity Offering Agreement
March 14, 2023 9:12 AM EDTFurther Facilitates up to $100 Million Funding in April 2023, for Cumulative Total of $460 Million To Date
UNION, N.J., March 14, 2023 /PRNewswire/ -- Bed Bath & Beyond Inc. (Nasdaq: BBBY) today announced an amendment to its warrants to purchase Series A Convertible Preferred Stock previously issued on February 7, 2023. Under the amendment, the Company is temporarily adjusting the Price Failure threshold ("Price Failure") to $1.00 until April 3, 2023. In addition, the Threshold Share Amount referenced in the Price Failure definition is increased to 24,739. This amendment will further facilitate up to $100 million of additional funding in April 2023, for a... More
