After a last-ditch effort to avoid bankruptcy, Bed Bath & Beyond (BBBY) has secured $225 million from a stock sale. This was announced on Monday, February 8th, and has given the company a bit of breathing room.

The sale of the stock was a risky move as the stock took a 45% hit following the announcement of the plan to raise $1 billion. BBBY stock has been struggling in recent months, and this move could be seen as a desperate measure to try and stay afloat.

The company is still in a tough spot, however, and is now looking for other ways to secure funding. It has been reported that BBBY has been in talks with creditors and potential investors to line up financing in a bid to avoid bankruptcy.

The company is facing an uphill battle, however, as it is facing no good options. It is unclear what the future holds for BBBY, but it is clear that the company is doing whatever it can to stay afloat.

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