Bed Bath & Beyond’s $1B survival plan


Bed Bath & Beyond’s $1B survival plan

VERSES AI: Changing The Game With Its Unique Investment Offering
Elon Musk says people can trust his new AI company more than OpenAI and Google
Reviving Value: Robinhood’s Win with Sam Bankman-Fried’s $605.7M Shares

In an eleventh-hour effort to avoid bankruptcy, Bed Bath & Beyond has announced plans to raise $1 billion through a preferred stock and warrants offering. The struggling retailer says that if can’t complete the transaction, it will “likely file for bankruptcy protection.” But if it is successful, Bed Bath will be able to make payments on its debt — it missed $28 million in bond interest payments last week — and imminently filing for Chapter 11. The company’s shares sank some 40% in early trading Tuesday as investors worried about stock dilution.