/biz/ - Business & Finance

>>53922076
UH OH
>"The financial lifeline that pulled Bed Bath & Beyond Inc. from the brink of bankruptcy last month is already at risk because of the retailer’s tumbling stock price."

>"The equity financing, led by hedge fund Hudson Bay Capital, provided the company with $225 million upfront, with the promise of another $800 million over the coming eight months. Bed Bath & Beyond Chief Executive Officer Sue Gove on Feb. 7 trumpeted it as a “transformative transaction” that would give the company time to mount a turnaround."

>"Yet the additional cash has strings attached. Among them: Future injections are contingent on Bed Bath & Beyond maintaining a weighted average stock price of at least $1.25 or $1.50, depending on the timing, according to a regulatory filing. The deal terms allow Hudson Bay to waive those conditions if it wants."
BAGGIES GOT 80% OF THEIR STOCK DILUTED AND IT MIGHT STILL GO BANKRUPT ANYWAYS IF IT GOES BELOW $1.25