Beyond, Inc. Provides Update to Its Investors Regarding Transaction with The Container Store Group, Inc.
Beyond, Inc. (BYON)
Company Research
Source: Business Wire
MIDVALE, Utah--(BUSINESS WIRE)--Beyond, Inc. (NYSE:BYON), an asset-light ecommerce and affinity data monetization company offering a comprehensive array of products and services that enable its customers to unlock their home’s potential, today provided an update regarding the proposed financing arrangements for its pending transaction with The Container Store Group, Inc. (“The Container Store”). When Beyond entered into the Securities Purchase Agreement dated October 15, 2024 (the "Purchase Agreement"), the parties agreed that The Container Store would secure new financing on terms commercially acceptable to Beyond as a condition to closing. Given the importance of The Container Store establishing a sustainable capital structure, Beyond negotiated for and obtained a right to determine, in its sole discretion, the adequacy of The Container Store's financing arrangements.Based on the financing proposal presented to date, Beyond has concerns regarding The Container Store’s ability to
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BYON
Earnings
- 10/24/24 - Beat
BYON
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- BYON's page on the SEC website