News Flash

US' Bed Bath & Beyond launches $300mn at-the-market offering programme

31 Mar '23

2 min read

Pic: Bed Bath & Beyond

Insights

United States-headquartered Bed Bath & Beyond (BBB) has announced that it may offer and sell up to $300 million of shares of its common stock through an at-the-market offering programme.
The maximum aggregate offering amount is of up to $300 million.
The company will determine the timing and amount of any sales based on a variety of factors.

Bed Bath & Beyond has announced that it has filed a prospectus supplement with the US Securities and Exchange Commission (SEC) under which it may offer and sell up to $300 million of shares of its common stock from time to time through an at-the-market offering programme (ATM Programme) with a maximum aggregate offering amount of up to $300 million. The timing and amount of any sales will be determined by a variety of factors considered by the company.

Common Stock will be offered through B. Riley Securities, which is serving as the sales agent. B. Riley may sell Common Stock by any lawful method deemed to be an at-the-market offering defined by Rule 415(a)(4) of the Securities Act of 1933, as amended, including without limitation, sales on any existing trading market. Sales may be made at market prices prevailing at the time of a sale or at prices related to prevailing market prices. As a result, sales prices may vary, the company said in a press release.

The company's prospectus supplement filed supplements information contained in the accompanying prospectus contained in the shelf registration statement on Form S-3 (File No. 333-267173) for the offering of Common Stock. Potential investors should review the prospectus, the prospectus supplement and all other related documents that the company has filed with the SEC for complete corporate information, including information pertaining to the ATM programme and the risks associated with investing in the company.

Fibre2Fashion News Desk (RR)

More Bed Bath & Beyond Inc News... More Textiles News - United States Of America...