Bed Bath & Beyond's $300M share offering

 

Bed Bath & Beyond started trying to raise $300M through a share offering on Thursday. The struggling retailer warned that it would "likely" file for bankruptcy if it can't raise the full amount. B. Riley Securities is leading the at-the-market share offering. At-the-market offerings help firms with liquidity problems quickly raise money by allowing a broker to buy and sell assets at the best available price. Bed Bath & Beyond said it was terminating a previous deal that would have seen it raise over $1B in a share sale led by Hudson Bay Capital Management. Bed Bath & Beyond presented preliminary Q4 results showing net sales of $1.2B, down from $2.1B YoY.