Signage exterior the Mattress Tub & Past retail retailer in New York, August 25, 2022.
Gabby Jones | Bloomberg | Getty Photos
Bed bath and beyond Shares fell after the retailer grew to become meme inventory in a submitting that mentioned it could promote an undisclosed quantity of shares.
Shares fell 19% in pre-market buying and selling.
“We could supply, subject and promote shares of our frequent inventory occasionally,” the corporate mentioned in a submitting with the SEC. Underneath the shelf course of it’s submitting, the corporate could promote listed securities in a number of choices.
“Every time we provide securities, we are going to present a prospectus complement containing particular details about the phrases of that providing,” the submitting mentioned.
The submitting comes simply hours earlier than Mattress Tub & Past outlines Plan to change on Wednesday In an effort to win the belief of consumers, buyers and suppliers.
This can be a growing story. Test again for updates.