BBBY has announced in a filing that it may offer, issue and sell shares of its common stock from time to time. via /r/wallstreetbets #stocks #wallstreetbets #investing


BBBY has announced in a filing that it may offer, issue and sell shares of its common stock from time to time.

https://www.bloomberg.com/news/articles/2022-08-31/bed-bath-beyond-shares-eye-rebound-on-dawn-of-strategic-update

““Bed Bath & Beyond Inc. shares plunged in premarket trading Wednesday after the home-goods retailer announced in a filing that it may offer, issue and sell shares of its common stock from time to time.”

Shares in the retail-trader favorite sank as much as 21% as of 6:42 a.m. New York time, erasing an earlier gain of as much as 6.5%. The company said, “it plans to use proceeds from any sales of its common stock to, among other things, pay down its outstanding debts.””

Submitted August 31, 2022 at 02:55PM by mooncake6
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