Bed Bath & Beyond Inc. said on Tuesday it has reached a new agreement with investors that will allow the distressed retailer to get another $100 million in funding, even though its share price has sunk.
The agreement with hedge fund Hudson Bay Capital Management LP reduces the share-price threshold the retailer needs to maintain as part of an equity offering deal to $1 from $1.25 until April 3, the company said.
Source: https://www.wsj.com/articles/bed-bath-beyond-salvages-fundraising-deal-despite-slump-in-share-price-fbbbf30b?siteid=yhoof2&yptr=yahoo