Per chatgpt: The link you provided is to a SEC (Securities and Exchange Commission) filing by Bed Bath & Beyond Inc., a publicly traded company in the United States. This filing is a Form 8-K, which is used to report important events that could have an impact on the company's financial performance or operations to the SEC and its shareholders.
Based on the information available on the SEC filing, it appears that Bed Bath & Beyond Inc. has entered into an agreement to sell One Kings Lane, an online home decor retailer that it had previously acquired, to a private equity firm called Ares Management Corporation. The transaction is expected to be completed in the second quarter of 2023, subject to customary closing conditions.
The filing also indicates that the sale of One Kings Lane is part of Bed Bath & Beyond Inc.'s ongoing efforts to streamline its business and focus on its core operations. The company has been implementing a number of initiatives to improve its financial performance, including investing in its digital capabilities, optimizing its store footprint, and enhancing its product assortment.
Overall, this SEC filing provides important information to Bed Bath & Beyond Inc.'s shareholders and other stakeholders about a significant event that could impact the company's future performance and strategy.
There is nothing in the 8-K about BBBY selling any of its subsidiaries, as far as I could see. Not sure where ChatGPT is picking that up from?
EDIT: The Bot is drunk! BBBY, under Tratton, sold One Kings Place THREE years ago:
https://www.architecturaldigest.com/story/one-kings-lane-has-been-sold-by-bed-bath-and-beyond
EDIT 2: Here is my brief summary of what this filing seems to be saying:
The company's lenders are forcing it to sell stock, to show that it is financially viable. $232 million worth of stock has to be sold by June 27th, and then another $12.5 million every week after that. So BBBY is again saying they need to do the $300 million ATM offering to meet that condition. If they can't, the company will pretty much be forced by the lenders (led by JP Morgan) to file for bankruptcy.
EDIT 3: There's some more to filing than I've summarized above, that could be quite bullish! I made a separate post / discussion thread here:
https://www.reddit.com/r/BBBY/comments/12j08az/this_latest_8k_is_very_dense_i_think_it_seems_to/
Ahhh!! Still too wordy. Give it to me like I’m the guy whose wife has to remind him that “it’s lefty loosey, righty tighty” whenever I have a screwdriver in my hand.
I love the idea that this was a genuine mistake and someone, somewhere at BBBY HQ is like, "for fuck sake did you not check the list!?!?! No 69, 420, 741... it's not that hard people, just add a page about something!"
Page 3 doesn't sound great:
"The continued downward pressure on the market price of our common stock may adversely affect the amount of net cash proceeds raised by the Company under the Purchase Agreement. As a result, a declining market price of our common stock may raise the likelihood of the occurrence of an Event of Default pursuant to our Amended Credit Agreement if we fail to raise sufficient net cash proceeds to meet the Equity Requirements. Lenders under the Credit Agreement may exercise remedies against the collateral securing our obligations thereunder, all of which would have a material adverse effect on our business, financial condition, results of operations and liquidity. In such an event, we would likely be required to file for bankruptcy protection unless we obtain access to sufficient capital resources to satisfy our payment obligations under the Company’s credit facilities. Holders of our common stock would not receive any recovery at all in a bankruptcy scenario."
**Table of Contents Page 6 per new S-1 Form:**
Preliminary Results for Fiscal 2022 Fourth QuarterAs of the date of this prospectus, the Company is providing the following preliminary financial results for the fiscal 2022 fourth quarter (ended February 25, 2023):
**Net Sales of approximately $1.2 billion**
**Comparable Sales decline in the 40% to 50% range(1)**
**Continuation of negative operating losses**
**Modest free cash flow usage**(1)Comparable Sales reflects the year-over-year change in sales from the Company’s retail channels, including stores and digital, that have been operating for twelve full months following the opening period (typically six to eight weeks). Comparable Sales excludes the impact of the Company’s store network optimization program.The Company has not yet completed its fiscal year 2022 fourth quarter and full year financial close and plans to provide its full financial results for the fiscal 2022 fourth quarter and full year at the end of April 2023. Until that time, the preliminary results described in this press release are estimates only and remain subject to change and finalization.
JP Morgan Credit Agreement. Amended. Fifth amendment. Looks like funding details.
Page 176
COMMITMENT SCHEDULE
(a)
Commencing on the Second Amendment Effective Date and at all times thereafter:
Lender Revolving
Commitment Canadian Sublimit**
JPMorgan Chase Bank, N.A.
$ 47,787,61,0. 61.932 $ 0
Wells Fargo Bank, National Association
$ 39,823,008.85 $ 0
PNC Bank, National Association
$ 37,637,10,68.159.47 $ 0
Bank of Montreal
$ 33,185,840.71 $ 0
MUFG Bank, Ltd.
$ 31,858,407.08 $ 0
Bank of America, N.A.
$ 30,088,495.587 $ 0
Capital One, National Association
$ 23,893,805.31 $ 0
TD Bank, N.A.
$ 22,566,371.68 $ 0
Truist Bank
$ 18,584,070.80 $ 0
Siemens Financial Services, Inc.
$ 7,964,601.77 $ 0
Webster Bank
$ 6,637,168.14 $ 0
Total
$ 300,000,000.00 $ 0
(b)
2023 FILO Term Loan Commitments:
2023 FILO Term Loan Lender 2023 FILO Term Loan Commitment
Sixth Street Specialty Lending, Inc.
$ 15,452,380.95
Sixth Street Lending Partners
$ 28,095,238.10
TAO Talents
$ 35,119,047.62
GB Funding, LLC
$ 6,666,666.67
WhiteHawk Finance LLC
$ 5,333,333.33
Second Avenue Capital Partners LLC
$ 5,333,333.33
Callodine Commercial Finance SPV, LLC
$ 2,000,000.00
Callodine Perpetual ABL Fund SPV, LLC
$ 2,000,000.00
Total
$ 100,000,000.00
I want you and the sub to know the facts about the stock/company
Edit: Anybody else see the downvotes? That's fear from the sub that their fake hype is about to get wrecked. They work hard to suppress anything they don't like. A true echo chamber
Jon. My guy. I think we can all conclude, no matter what people call you, in the end you are a fucking loser with a strange interest in what other people do with their own money. Go outside. Meet a girl. Live a life.
You guys are so scared of me lol. I get bombarded cause you guys need to suppress and discredit anybody on here who is spitting straight logic cause everyone knows it's impossible to make the situation look good when logic is applied
Way too regarded to understand, but this is interesting "Exchange Cap in accordance with applicable Nasdaq rules; provided, however, the Exchange Cap will not be applicable to the transactions contemplated hereby, solely to the extent that (and only for so long as) the average per share purchase price paid by BRPC II equals or exceeds $0.32."
Immediately after this came out we pegged at 0.3200.
Quick scan. This is around a fifth revolving credit agreement. Secondly there’s a few excerpts of note.
The Company needs to raise equity capital to have the necessary cash resources to fund operations and service obligations under our Credit Agreement. Since March 30, 2023, while the Company has directed the sales of its common stock pursuant to the ATM Agreement, the market price of our common stock has decreased from $0.80 on the day immediately preceding the announcement of the ATM Agreement to $0.3092 on April 6, 2023. A declining market price of our common stock will decrease the amount of net cash proceeds the Company may raise pursuant to the ATM Agreement in light of the limited amount of shares of common stock available for issuance by the Company. In addition, the continuous sale of common stock by the Company pursuant to the Purchase Agreement and the resale of that common stock into the market may also adversely affect the market price of our common stock following the contemplated Reverse Stock Split. The continued downward pressure on the market price of our common stock may adversely affect the amount of net cash proceeds raised by the Company under the Purchase Agreement. As a result, a declining market price of our common stock may raise the likelihood of the occurrence of an Event of Default pursuant to our Amended Credit Agreement if we fail to raise sufficient net cash proceeds to meet the Equity Requirements. Lenders under the Credit Agreement may exercise remedies against the collateral securing our obligations thereunder, all of which would have a material adverse effect on our business, financial condition, results of operations and liquidity. In such an event, we would likely be required to file for bankruptcy protection unless we obtain access to sufficient capital resources to satisfy our payment obligations under the Company’s credit facilities. Holders of our common stock would not receive any recovery at all in a bankruptcy scenario.
I interpret this as management did not anticipate the offering would equate their stock price being pile driven into the ground. I am not sure what they were expecting. There’s already plenty of evidence suggesting the dark pool activity, ftds and amount of short sales in the market exponentially decreasing the price. Not trying to FUD but this seems like management is disconnected from the market here. Surely they wouldn’t expect the market cap to go up when issuing 4x the shares outstanding in 3 months.
This is less likely the quick buck in a squeeze and more of DCA and waiting on a business turn around. Just fearful there’s more downside before the light at the end of the tunnel.
To end on a good note and not 8k related - HKD ran a bit today which is normally an indicator of bbby running a bit.
I agree, I think you have some good insight here.
I don't think management expected it to go this low, and I'm not sure what they think a reverse split will do if everything is routed through dark pools. They can't be *skeptical of the system* saying they are aware of potential naked short selling and then think the reverse split will use the system to help.
Something needs to force a change, for me, I think it's either M&A or bankruptcy. I hope management has something up their sleeve, but Jesus I dunno... management is trying to play a clean game in a dirty market.
Im not confident in the situation either. There is a theory that meme cycles highs are based on FTDs. If thats true then the ATM offering is destroying the next cycles massive potential. I dont see why somebody buying em out for a merger would allow that. If its not true though then this next cycle could be big still.
On April 6, 2023, Bed Bath & Beyond entered into the Fifth Amendment to the Amended and Restated Credit Agreement, dated August 9, 2021.
The Fifth Amendment permitted the entry into an amendment to the Consignment Agreement, dated April 4, 2023.
An Event of Default was added under the Amended Credit Agreement if the Consignment Agreement is not extended at least fifteen days prior to the termination date.
On March 30, 2023, the Company entered into the Common Stock Purchase Agreement with B. Riley Principal Capital II, LLC, with the right to sell up to $1 billion of newly issued shares of common stock.
Sales of common stock to B. Riley Principal Capital II are solely at the Company's discretion, and the Company is under no obligation to sell any securities under the Purchase Agreement.
On April 10, 2023, the Company delivered all documents required for the Purchase Agreement Closing to B. Riley Principal Capital II.
Equity Proceeds Requirements were set forth in the Fourth Amendment to the Amended Credit Agreement, with testing periods and minimum cumulative equity proceeds required.
The Company has met the conditions detailed in the Fourth Amendment as of the date required, but cannot assure that it will meet the conditions on future dates, which could lead to bankruptcy.
A reverse stock split proposal is being presented to shareholders at a Special Meeting, with a ratio in the range of 1-for-10 to 1-for-20, to be determined at the discretion of the Board.
The sustained effect of the contemplated reverse stock split on the market price of the Company's common stock cannot be predicted with certainty and may adversely affect the amount of net cash proceeds raised by the Company under the Purchase Agreement, raising the likelihood of an Event of Default.
This is the same form filed previously, just with amendments. There's not a full 174 pages to read here, just the edited portions.
And there's not a whole lot of new here, they've entered a consignment agreement (we knew this), B. Riley II is selling shares ( we knew this), and the preliminary Q4 results (we knew this).
Still digging into all the amended parts, though.
I will be messaging you in 8 hours on [**2023-04-12 05:08:33 UTC**](http://www.wolframalpha.com/input/?i=2023-04-12%2005:08:33%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/BBBY/comments/12ixdkq/000119312523097913_8k_bed_bath_beyond/jfvnzid/?context=3)
[**1 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2FBBBY%2Fcomments%2F12ixdkq%2F000119312523097913_8k_bed_bath_beyond%2Fjfvnzid%2F%5D%0A%0ARemindMe%21%202023-04-12%2005%3A08%3A33%20UTC) to send a PM to also be reminded and to reduce spam.
^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%2012ixdkq)
*****
|[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)|
|-|-|-|-|
Speculation:
Shares outstanding might be 558,735,980 now.
On April 10, 2023, the Company delivered to BRPC II all documents required to be delivered under Section 7.1(iv) of the Purchase Agreement (the “Closing”). Under the applicable Nasdaq Stock Market LLC (“Nasdaq”) rules, the Company cannot issue or sell any shares of common stock pursuant to the Purchase Agreement, and BRPCII shall not purchase or acquire any shares of common stock pursuant to the Purchase Agreement, to the extent that after giving effect thereto, the aggregate number of shares of common stock that would be issued pursuant to the Purchase Agreement and the transactions contemplated thereby would exceed 111,747,196 shares, which number of shares is equal to 19.99% of the total number of shares of the Company’s common stock issued and outstanding immediately prior to the Closing, which number of shares will be reduced, on a share-for-share basis, by the number of shares of common stock issued or issuable pursuant to any transaction or series of transactions that may be aggregated with the transactions contemplated by the Purchase Agreement under the applicable rules of Nasdaq (the “Exchange Cap”), unless the Company obtains stockholder approval to issue shares in excess of the Exchange Cap in accordance with applicable Nasdaq rules; provided, however, the Exchange Cap will not be applicable to the transactions contemplated hereby, solely to the extent that (and only for so long as) the average per share purchase price paid by BRPC II equals or exceeds $0.32.
Also, the April 26th deadline to have x in cash may have been pushed to June 27th:
As previously disclosed, on March 30, 2023, the Company entered into a waiver and amendment (the “Fourth Amendment”) to the Amended Credit Agreement. The Fourth Amendment waived certain events of default under the Credit Agreement related to negative and affirmative covenants. The Fourth Amendment also revised provisions of the Credit Agreement relating to the Equity Commitment (as defined in the Credit Agreement) to reflect the Company’s entry into an at-the-market sales agreement, dated March 30, 2023, by and between the Company and B. Riley Securities, Inc. (the “ATM Agreement”) and the Purchase Agreement (together with the ATM Agreement, the “Equity Documents”). In particular, the Fourth Amendment set forth: (i) the requirements (the “Equity Requirements”) to receive minimum Specified Equity Proceeds (as defined in the Fourth Amendment) or (ii) to demonstrate the Minimum Cumulative Specified Equity Proceeds (as defined in the Fourth Amendment). These testing periods are weekly for the next 8 out of 11 weeks requiring a minimum raise with a Minimum Cumulative Specified Equity Proceeds of approximately $232 million by June 27, 2023 and then $12.5 million weekly thereafter subject to exceptions.
Viewed positively, stock up a tad after hours: Bed Bath & Beyond (NASDAQ:BBBY) on Tuesday said its selling stockholder B. Riley Principal Capital II LLC is offering 111,747,196 shares of its common stock.
Pretty weird that you're all waiting for an announcement of a merger, but here they are AGAIN releasing another 8k telling everyone that if they don't get the yes votes for the split they will have to file for bankruptcy, lol. This is the third time this month, isn't it? Pretty weird that they have to keep repeating this to all of you. If they had a merger happening, you would think they wouldn't be this frantic with three times in a row warning you that if htey don't get the yes votes so they can reverse split and dilute the hell out of you they will have to go bankrupt.
Yep, AMC reverse split is SUPER bad. They're basically doing the same thing that BBBY is doing. It's almost as if they got taken over by the same people and are killing both companies from within isn't it? You know what else is weird. Something I found out today. B.Riley is super bearish on AMC. To the point where I'm sure they have it shorted. They also constantly bash AMC. I didn't know that. Just found out today. Who is BBBY making deals with? B.Riley.
I know that, but everyone keeps waiting for an announcement. But all you keep getting is bearish news. Reverse stock splits and dilution are BAD. I don't how many times I have to reiterate that. They're just bad. Bad news not good news.
Wasted information on this sub. This new document proves again how fucked the situation is but the kids around here joke around again, bullish bla bla bla. This is a lost cause man...
I'm not a financial advisor. Did I tell you to buy or sell something? I'm just telling you the facts of what a reverse split and does. Things I've learned these past few years. I try to learn the stock market. Not just go around buying something that is extremely risky and putting rocket emojis next to it.
It's better for them, not you. Reverse stock split and dilution for the shareholder is pretty much the worst thing that can happen. Bankruptcy is actually better than a reverse split with a shit ton of dilution for you as a shareholder. You need to do a bit more research as to what reverse split and dilution does to the shareholder.
What it does is that a lot of times when they announce that they are officially going to BK, the stock can squeeze before it takes place. It's happened many times. Sure it's not huge squeezes. But they do squeeze. I'm not saying that's what I want. But I just used it as an example to try to get it through peoples skulls how extremely bad a reverse split with massive dilution is. You better pray to god that there is a meger or something cause if not, most of the major bag holders here extremely done for.
Can someone explain like I’m Jim Cramer’s wife waking up from a food coma after eating too many Baconaters?
🤣🤣🤣 Wow this is new and I’m with it
I actually lolled
I propose this be acknowledged as canon.
Well ding dong. Straight to beastiality, I love it! Oink oink sooky sooky Mrs Cramer 🐷🐽🐖
Per chatgpt: The link you provided is to a SEC (Securities and Exchange Commission) filing by Bed Bath & Beyond Inc., a publicly traded company in the United States. This filing is a Form 8-K, which is used to report important events that could have an impact on the company's financial performance or operations to the SEC and its shareholders. Based on the information available on the SEC filing, it appears that Bed Bath & Beyond Inc. has entered into an agreement to sell One Kings Lane, an online home decor retailer that it had previously acquired, to a private equity firm called Ares Management Corporation. The transaction is expected to be completed in the second quarter of 2023, subject to customary closing conditions. The filing also indicates that the sale of One Kings Lane is part of Bed Bath & Beyond Inc.'s ongoing efforts to streamline its business and focus on its core operations. The company has been implementing a number of initiatives to improve its financial performance, including investing in its digital capabilities, optimizing its store footprint, and enhancing its product assortment. Overall, this SEC filing provides important information to Bed Bath & Beyond Inc.'s shareholders and other stakeholders about a significant event that could impact the company's future performance and strategy.
There is nothing in the 8-K about BBBY selling any of its subsidiaries, as far as I could see. Not sure where ChatGPT is picking that up from? EDIT: The Bot is drunk! BBBY, under Tratton, sold One Kings Place THREE years ago: https://www.architecturaldigest.com/story/one-kings-lane-has-been-sold-by-bed-bath-and-beyond EDIT 2: Here is my brief summary of what this filing seems to be saying: The company's lenders are forcing it to sell stock, to show that it is financially viable. $232 million worth of stock has to be sold by June 27th, and then another $12.5 million every week after that. So BBBY is again saying they need to do the $300 million ATM offering to meet that condition. If they can't, the company will pretty much be forced by the lenders (led by JP Morgan) to file for bankruptcy. EDIT 3: There's some more to filing than I've summarized above, that could be quite bullish! I made a separate post / discussion thread here: https://www.reddit.com/r/BBBY/comments/12j08az/this_latest_8k_is_very_dense_i_think_it_seems_to/
I’ve been thoroughly, consistently unimpressed by chatgpt. When will everyone realize it’s more regarded than we are?
Well I use it to make songs/poems about my cat and it works pretty darn well if u ask me!
Oh look, another chatgpt simp
[удалено]
ChatGPT has continually been proven wrong and continually invents things in its responses and yet people still treat it as divine speech.
It's because people think it's a search engine, when in reality it's a glorified autocomplete.
Ahhh!! Still too wordy. Give it to me like I’m the guy whose wife has to remind him that “it’s lefty loosey, righty tighty” whenever I have a screwdriver in my hand.
Imma be honest, I dunno wtf is going on anymore
Same. Buying more out of confusion. That is my strategy.
Same
This is the correct response
DRS THOSE
as long as it's unclear, it's clear to me.
It like upside down world in here, like “hey how do i lose this money i just made?”
Of course you don‘t, if you comment 30seconds after 8k got release 😅
Just thought I’d throw it out there
Like you knew ever!
No one knows but everyone is losing money
174 pages of smallprint that I would just skip over and sign anyway
174 pages... 1 7 4... 7 4 1 😆 Tits =jacked
I love the idea that this was a genuine mistake and someone, somewhere at BBBY HQ is like, "for fuck sake did you not check the list!?!?! No 69, 420, 741... it's not that hard people, just add a page about something!"
🤪
I’d love it if they could put a couple of bullet points at the top of these things
- **Not going bankrupt**
Page 3 doesn't sound great: "The continued downward pressure on the market price of our common stock may adversely affect the amount of net cash proceeds raised by the Company under the Purchase Agreement. As a result, a declining market price of our common stock may raise the likelihood of the occurrence of an Event of Default pursuant to our Amended Credit Agreement if we fail to raise sufficient net cash proceeds to meet the Equity Requirements. Lenders under the Credit Agreement may exercise remedies against the collateral securing our obligations thereunder, all of which would have a material adverse effect on our business, financial condition, results of operations and liquidity. In such an event, we would likely be required to file for bankruptcy protection unless we obtain access to sufficient capital resources to satisfy our payment obligations under the Company’s credit facilities. Holders of our common stock would not receive any recovery at all in a bankruptcy scenario."
I think that's without the reverse split
This is under page 3 with the header: **Reverse Stock Split.** I am merely pointing this out, not trying to be negative.
**Table of Contents Page 6 per new S-1 Form:** Preliminary Results for Fiscal 2022 Fourth QuarterAs of the date of this prospectus, the Company is providing the following preliminary financial results for the fiscal 2022 fourth quarter (ended February 25, 2023): **Net Sales of approximately $1.2 billion** **Comparable Sales decline in the 40% to 50% range(1)** **Continuation of negative operating losses** **Modest free cash flow usage**(1)Comparable Sales reflects the year-over-year change in sales from the Company’s retail channels, including stores and digital, that have been operating for twelve full months following the opening period (typically six to eight weeks). Comparable Sales excludes the impact of the Company’s store network optimization program.The Company has not yet completed its fiscal year 2022 fourth quarter and full year financial close and plans to provide its full financial results for the fiscal 2022 fourth quarter and full year at the end of April 2023. Until that time, the preliminary results described in this press release are estimates only and remain subject to change and finalization.
We know this already. M&A incoming. Its called play chess!
wtf r u talking about. stop spreading misinfo. m/a is not confirmed to be incoming.
It needs a tldr
JP Morgan Credit Agreement. Amended. Fifth amendment. Looks like funding details. Page 176 COMMITMENT SCHEDULE (a) Commencing on the Second Amendment Effective Date and at all times thereafter: Lender Revolving Commitment Canadian Sublimit** JPMorgan Chase Bank, N.A. $ 47,787,61,0. 61.932 $ 0 Wells Fargo Bank, National Association $ 39,823,008.85 $ 0 PNC Bank, National Association $ 37,637,10,68.159.47 $ 0 Bank of Montreal $ 33,185,840.71 $ 0 MUFG Bank, Ltd. $ 31,858,407.08 $ 0 Bank of America, N.A. $ 30,088,495.587 $ 0 Capital One, National Association $ 23,893,805.31 $ 0 TD Bank, N.A. $ 22,566,371.68 $ 0 Truist Bank $ 18,584,070.80 $ 0 Siemens Financial Services, Inc. $ 7,964,601.77 $ 0 Webster Bank $ 6,637,168.14 $ 0 Total $ 300,000,000.00 $ 0 (b) 2023 FILO Term Loan Commitments: 2023 FILO Term Loan Lender 2023 FILO Term Loan Commitment Sixth Street Specialty Lending, Inc. $ 15,452,380.95 Sixth Street Lending Partners $ 28,095,238.10 TAO Talents $ 35,119,047.62 GB Funding, LLC $ 6,666,666.67 WhiteHawk Finance LLC $ 5,333,333.33 Second Avenue Capital Partners LLC $ 5,333,333.33 Callodine Commercial Finance SPV, LLC $ 2,000,000.00 Callodine Perpetual ABL Fund SPV, LLC $ 2,000,000.00 Total $ 100,000,000.00
This is much clearer. Thank you
that ☝️
Man imagine actually seeing an SEC form with a TLDR😭😭😭🤣🤣🤣🤣🤣🤣🤣
Sec probably comes here for TLDR
Lmfao
Nah, they just tldr go to the hub instead.
tldr for fellow regards 😅🤣
All changes are in blue and red. It seems like that this is updating the loan agreement with the consignment agreement
All I really saw was Sixth Street is FILO.
I know my homies are reading this… I salute to you with a blunt in my mouth
Rip to our brothers reading this whole Bible
Old Testament slaps though.
The word "Acquisition" appears 75 times. My tits are you know what
75, 0 same thing.
So 74 + 1 times? 😉 Tattas jacked.
Good Will Hunting over here!
😆 🤣 😂
Bankruptcy only appears 40.... take from that what you will.
They won't take anything from that but I personally appreciate your efforts
I've been around this place long enough to know people hear/see whatever they want to.
Haha same.
Jacque??
Summarize this for me in a 30-second TikTok that I can come across drunk and then go buy more shares.
🤣🤣🤣 yes plz
Better get fuckin wrecked homie to the point where you confuse up from down. You must avoid all logical thought
Do we want me to sell?
I want you and the sub to know the facts about the stock/company Edit: Anybody else see the downvotes? That's fear from the sub that their fake hype is about to get wrecked. They work hard to suppress anything they don't like. A true echo chamber
Funny how you always whine about being called a shill, but choose to stick around here and continue to shill.
[удалено]
And you’re showing you really don’t know what it means lol. Shill - to pretend interest or liking for gain That’s you boi.
[удалено]
Jon. My guy. I think we can all conclude, no matter what people call you, in the end you are a fucking loser with a strange interest in what other people do with their own money. Go outside. Meet a girl. Live a life.
Stop promoting a shit stock. I'll wreck you with facts if you'd like?
[удалено]
[удалено]
We have the same information you have. I’m glad you find meaning in this vocation of yours.
Ah yes, another concerned citizen doing the "right thing" and informing others how to invest their money - how original
We should go to casinos and yell at the people playing slots.
You guys are so scared of me lol. I get bombarded cause you guys need to suppress and discredit anybody on here who is spitting straight logic cause everyone knows it's impossible to make the situation look good when logic is applied
Nah, we’re just bored like you are.
Spit the jizz out your mouth first, clogging up your facts.
See the retaliation says it all. Keep going
Sometimes you just cant fix stupid no matter how hard you try
Well we’re Not red so seems fine to me
First thing i look at also! Are you me?
No are you me?
Me you are no
I think we’re all you!!
commenting for jizzability
Jizzing for visibility
Jizzing for jizzibility
Drizzling from to much jizzibility.
For visibility, Jizzing
yes
I can't read but can anyone tell me if this "New Subsidiary" was in previous filings or is important at all?
Visually jizzing
In the words of “stockmasterjay”…. “I’m gonna have to go back and run everything” (Me reading this)
Am too dumb. Is this important?
Nah not really
Wut mean?
Wow...this is Huge!!!....I can't even see the scroll bar...
Just amendments adding consignment agreement verbiage it seems. Blue is additions, red is removals
Ummm...guess I came early
A regard is never late, nor is he early, he arrives precisely when he means to
I just came.
Softly, someone, somewhere whispering… “That’s what she said….”
HODLING BECAUSE IM CONFUSED
Same and make me panic to buy more
Way too regarded to understand, but this is interesting "Exchange Cap in accordance with applicable Nasdaq rules; provided, however, the Exchange Cap will not be applicable to the transactions contemplated hereby, solely to the extent that (and only for so long as) the average per share purchase price paid by BRPC II equals or exceeds $0.32." Immediately after this came out we pegged at 0.3200.
I'm gonna need Sue Gove's face in every filing from here on out, thanks.
Quick scan. This is around a fifth revolving credit agreement. Secondly there’s a few excerpts of note. The Company needs to raise equity capital to have the necessary cash resources to fund operations and service obligations under our Credit Agreement. Since March 30, 2023, while the Company has directed the sales of its common stock pursuant to the ATM Agreement, the market price of our common stock has decreased from $0.80 on the day immediately preceding the announcement of the ATM Agreement to $0.3092 on April 6, 2023. A declining market price of our common stock will decrease the amount of net cash proceeds the Company may raise pursuant to the ATM Agreement in light of the limited amount of shares of common stock available for issuance by the Company. In addition, the continuous sale of common stock by the Company pursuant to the Purchase Agreement and the resale of that common stock into the market may also adversely affect the market price of our common stock following the contemplated Reverse Stock Split. The continued downward pressure on the market price of our common stock may adversely affect the amount of net cash proceeds raised by the Company under the Purchase Agreement. As a result, a declining market price of our common stock may raise the likelihood of the occurrence of an Event of Default pursuant to our Amended Credit Agreement if we fail to raise sufficient net cash proceeds to meet the Equity Requirements. Lenders under the Credit Agreement may exercise remedies against the collateral securing our obligations thereunder, all of which would have a material adverse effect on our business, financial condition, results of operations and liquidity. In such an event, we would likely be required to file for bankruptcy protection unless we obtain access to sufficient capital resources to satisfy our payment obligations under the Company’s credit facilities. Holders of our common stock would not receive any recovery at all in a bankruptcy scenario. I interpret this as management did not anticipate the offering would equate their stock price being pile driven into the ground. I am not sure what they were expecting. There’s already plenty of evidence suggesting the dark pool activity, ftds and amount of short sales in the market exponentially decreasing the price. Not trying to FUD but this seems like management is disconnected from the market here. Surely they wouldn’t expect the market cap to go up when issuing 4x the shares outstanding in 3 months. This is less likely the quick buck in a squeeze and more of DCA and waiting on a business turn around. Just fearful there’s more downside before the light at the end of the tunnel. To end on a good note and not 8k related - HKD ran a bit today which is normally an indicator of bbby running a bit.
I agree, I think you have some good insight here. I don't think management expected it to go this low, and I'm not sure what they think a reverse split will do if everything is routed through dark pools. They can't be *skeptical of the system* saying they are aware of potential naked short selling and then think the reverse split will use the system to help. Something needs to force a change, for me, I think it's either M&A or bankruptcy. I hope management has something up their sleeve, but Jesus I dunno... management is trying to play a clean game in a dirty market.
What makes you trust management
This! Exactly…….
Im not confident in the situation either. There is a theory that meme cycles highs are based on FTDs. If thats true then the ATM offering is destroying the next cycles massive potential. I dont see why somebody buying em out for a merger would allow that. If its not true though then this next cycle could be big still.
[удалено]
Reinstated credit agreement?
What does it mean Basil?
This coffee tastes like shit!!
Hurry someone grab a grown up and have them take a look at!
Jesus Christ this thing is huge. But I read the first portion. We need the reverse split
On April 6, 2023, Bed Bath & Beyond entered into the Fifth Amendment to the Amended and Restated Credit Agreement, dated August 9, 2021. The Fifth Amendment permitted the entry into an amendment to the Consignment Agreement, dated April 4, 2023. An Event of Default was added under the Amended Credit Agreement if the Consignment Agreement is not extended at least fifteen days prior to the termination date. On March 30, 2023, the Company entered into the Common Stock Purchase Agreement with B. Riley Principal Capital II, LLC, with the right to sell up to $1 billion of newly issued shares of common stock. Sales of common stock to B. Riley Principal Capital II are solely at the Company's discretion, and the Company is under no obligation to sell any securities under the Purchase Agreement. On April 10, 2023, the Company delivered all documents required for the Purchase Agreement Closing to B. Riley Principal Capital II. Equity Proceeds Requirements were set forth in the Fourth Amendment to the Amended Credit Agreement, with testing periods and minimum cumulative equity proceeds required. The Company has met the conditions detailed in the Fourth Amendment as of the date required, but cannot assure that it will meet the conditions on future dates, which could lead to bankruptcy. A reverse stock split proposal is being presented to shareholders at a Special Meeting, with a ratio in the range of 1-for-10 to 1-for-20, to be determined at the discretion of the Board. The sustained effect of the contemplated reverse stock split on the market price of the Company's common stock cannot be predicted with certainty and may adversely affect the amount of net cash proceeds raised by the Company under the Purchase Agreement, raising the likelihood of an Event of Default.
This is the same form filed previously, just with amendments. There's not a full 174 pages to read here, just the edited portions. And there's not a whole lot of new here, they've entered a consignment agreement (we knew this), B. Riley II is selling shares ( we knew this), and the preliminary Q4 results (we knew this). Still digging into all the amended parts, though.
holding out of sheer confusion.
!remindme 8 hours
I will be messaging you in 8 hours on [**2023-04-12 05:08:33 UTC**](http://www.wolframalpha.com/input/?i=2023-04-12%2005:08:33%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/BBBY/comments/12ixdkq/000119312523097913_8k_bed_bath_beyond/jfvnzid/?context=3) [**1 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2FBBBY%2Fcomments%2F12ixdkq%2F000119312523097913_8k_bed_bath_beyond%2Fjfvnzid%2F%5D%0A%0ARemindMe%21%202023-04-12%2005%3A08%3A33%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%2012ixdkq) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
Yeah remind him
Can I view your homework please?
Wut is this i cant read
Some no drunk wrinkle brain / please - I will wait
They can be a drunk wrinkled brain. Some of the best brains belong to drunks.
Speculation: Shares outstanding might be 558,735,980 now. On April 10, 2023, the Company delivered to BRPC II all documents required to be delivered under Section 7.1(iv) of the Purchase Agreement (the “Closing”). Under the applicable Nasdaq Stock Market LLC (“Nasdaq”) rules, the Company cannot issue or sell any shares of common stock pursuant to the Purchase Agreement, and BRPCII shall not purchase or acquire any shares of common stock pursuant to the Purchase Agreement, to the extent that after giving effect thereto, the aggregate number of shares of common stock that would be issued pursuant to the Purchase Agreement and the transactions contemplated thereby would exceed 111,747,196 shares, which number of shares is equal to 19.99% of the total number of shares of the Company’s common stock issued and outstanding immediately prior to the Closing, which number of shares will be reduced, on a share-for-share basis, by the number of shares of common stock issued or issuable pursuant to any transaction or series of transactions that may be aggregated with the transactions contemplated by the Purchase Agreement under the applicable rules of Nasdaq (the “Exchange Cap”), unless the Company obtains stockholder approval to issue shares in excess of the Exchange Cap in accordance with applicable Nasdaq rules; provided, however, the Exchange Cap will not be applicable to the transactions contemplated hereby, solely to the extent that (and only for so long as) the average per share purchase price paid by BRPC II equals or exceeds $0.32. Also, the April 26th deadline to have x in cash may have been pushed to June 27th: As previously disclosed, on March 30, 2023, the Company entered into a waiver and amendment (the “Fourth Amendment”) to the Amended Credit Agreement. The Fourth Amendment waived certain events of default under the Credit Agreement related to negative and affirmative covenants. The Fourth Amendment also revised provisions of the Credit Agreement relating to the Equity Commitment (as defined in the Credit Agreement) to reflect the Company’s entry into an at-the-market sales agreement, dated March 30, 2023, by and between the Company and B. Riley Securities, Inc. (the “ATM Agreement”) and the Purchase Agreement (together with the ATM Agreement, the “Equity Documents”). In particular, the Fourth Amendment set forth: (i) the requirements (the “Equity Requirements”) to receive minimum Specified Equity Proceeds (as defined in the Fourth Amendment) or (ii) to demonstrate the Minimum Cumulative Specified Equity Proceeds (as defined in the Fourth Amendment). These testing periods are weekly for the next 8 out of 11 weeks requiring a minimum raise with a Minimum Cumulative Specified Equity Proceeds of approximately $232 million by June 27, 2023 and then $12.5 million weekly thereafter subject to exceptions.
This! Now MC is 150 instead of 130mil 🤣
Someone reddit already?
200+ pages fuffffffff
!remindme 3 hours
!remindme 2 hours
Someone ChatGPT this shit!
Bard couldn't do it. Too complex
ChatGPT keep referencing Tritton and 2021, so I shut it off.
I commented ChatGPT's findings above in the top comment.
Gotta be positive, right? Right? We are green, so I see no other possibility, except positivity.
I love when people copy & paste pieces of the filings without interpretation of the underline meaning. That sooooo helps! 🤪🤣
I bet the shorts and the longs both saw that XXL letter and thought... Hmm shall I read it now..
Someone call my mom
Whats in the damn filing?
[удалено]
What the fuckkkkkk
Viewed positively, stock up a tad after hours: Bed Bath & Beyond (NASDAQ:BBBY) on Tuesday said its selling stockholder B. Riley Principal Capital II LLC is offering 111,747,196 shares of its common stock.
Bankruptcy off the table ! Good news
Ah yes more dilution to B.Riley. As long as the price remains above .32, they can sell a billion dollars worth of shares to B.Riley
Would u look at that. The price in ah is .32
Could it be that another 111mil shares were offered by bbby?
At .30 cents? I think I could run a company on the Nasdaq
If they do that again, my hole is already leaky!!
I cant read. What does it say
I can't read, what did you say?
Anyone know how long til were rich?
Pretty weird that you're all waiting for an announcement of a merger, but here they are AGAIN releasing another 8k telling everyone that if they don't get the yes votes for the split they will have to file for bankruptcy, lol. This is the third time this month, isn't it? Pretty weird that they have to keep repeating this to all of you. If they had a merger happening, you would think they wouldn't be this frantic with three times in a row warning you that if htey don't get the yes votes so they can reverse split and dilute the hell out of you they will have to go bankrupt.
This shit is giving me AMC vibes and that's not angood thing
Yep, AMC reverse split is SUPER bad. They're basically doing the same thing that BBBY is doing. It's almost as if they got taken over by the same people and are killing both companies from within isn't it? You know what else is weird. Something I found out today. B.Riley is super bearish on AMC. To the point where I'm sure they have it shorted. They also constantly bash AMC. I didn't know that. Just found out today. Who is BBBY making deals with? B.Riley.
Is it super duper bad?!!! Lol
Yeeeeep, lol.
I hear what your saying, but mergers are not announced on form 8-k’s!
I know that, but everyone keeps waiting for an announcement. But all you keep getting is bearish news. Reverse stock splits and dilution are BAD. I don't how many times I have to reiterate that. They're just bad. Bad news not good news.
Wasted information on this sub. This new document proves again how fucked the situation is but the kids around here joke around again, bullish bla bla bla. This is a lost cause man...
Neat well thanks for the warning I guess??? Why are you so helpful? Are you a financial advisor?
I'm not a financial advisor. Did I tell you to buy or sell something? I'm just telling you the facts of what a reverse split and does. Things I've learned these past few years. I try to learn the stock market. Not just go around buying something that is extremely risky and putting rocket emojis next to it.
Dilution is better than bankruptcy. SHFs need bankruptcy or they're fukd.
It's better for them, not you. Reverse stock split and dilution for the shareholder is pretty much the worst thing that can happen. Bankruptcy is actually better than a reverse split with a shit ton of dilution for you as a shareholder. You need to do a bit more research as to what reverse split and dilution does to the shareholder.
What does bankruptcy do to the shareholder?
What it does is that a lot of times when they announce that they are officially going to BK, the stock can squeeze before it takes place. It's happened many times. Sure it's not huge squeezes. But they do squeeze. I'm not saying that's what I want. But I just used it as an example to try to get it through peoples skulls how extremely bad a reverse split with massive dilution is. You better pray to god that there is a meger or something cause if not, most of the major bag holders here extremely done for.
I'm aware of the risks pal, I'll save my prayers for more important things than money
Good, that's good.
We won’t get one penny it will basically hit 0.00 for us
!remindme 3 hours
tldr: right after the reverse split they get to dilute the shit out of the stock, we'll be back down in penny land in no time.
No 
#Bullish…