Bed Bath & Beyond, Inc. (BBBY) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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Bed Bath & Beyond, Inc. faces a significant financing risk if it fails to obtain required stockholder approval under NYSE rules to issue more than 19.99% of its common stock upon conversion of the Convertible Notes. In that scenario, the interest rate could escalate from 5.00% to as high as 12.00%, materially increasing interest expense and constraining liquidity and financial flexibility.
The average BBBY stock price target is $10.25, implying 116.24% upside potential.
To learn more about Bed Bath & Beyond, Inc.’s risk factors, click here.