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Stock impact report

Going Concern Risks Rise at The Container Group [Yahoo! Finance]

Beyond, Inc. (BYON) 
Company Research Source: Yahoo! Finance
The home organization and storage retail expert entered into an agreement with lenders in October that required it to finalize a financing transaction by Nov. 15. The retailer and its lenders have been in discussions, but it did not receive the necessary lender approvals and the deadline was extended to Dec. 6. A regulatory filing with the Securities and Exchange Commission (SEC) on Friday by TCS indicated that the parties “continue to be in advanced stages of discussions with the company regarding liquidity solutions,” and that the deadline has been extended further to Dec. 31. The Friday filing contained a routine caveat that there is “no assurance” regarding the final terms of any qualified financing transaction or that TCS would be able to enter into any transaction by the Dec. 31 deadline. More from Sourcing Journal US Apparel Retail Default Risk Grew 25.9% in November Lord & Taylor's New Owner Readies For Online Rebirth Apparel Top Holiday Category As Consumers Rely On Show less Read more
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