Beyond, Inc. Files 8-K Report
Ticker: BBBY-WT · Form: 8-K · Filed: Jun 10, 2024 · CIK: 1130713
Sentiment: neutral
Topics: reporting, financials
TL;DR
Beyond, Inc. (formerly Overstock) filed a standard 8-K on June 10th, mostly financial updates.
AI Summary
On June 10, 2024, Beyond, Inc. (formerly Overstock.com, Inc.) filed an 8-K report. The filing primarily concerns the company's financial statements and exhibits, with no specific new material events or transactions detailed in the provided text. The company is incorporated in Delaware and headquartered in Midvale, Utah.
Why It Matters
This filing indicates routine corporate reporting, providing updates on financial statements and exhibits for Beyond, Inc. to the SEC.
Risk Assessment
Risk Level: low — The filing appears to be a routine disclosure of financial statements and exhibits, not indicating any immediate new risks or significant changes.
Key Players & Entities
- Beyond, Inc. (company) — Registrant
- Overstock.com, Inc (company) — Former company name
- June 10, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- Midvale, Utah (location) — Principal executive offices
FAQ
What is the primary purpose of this 8-K filing for Beyond, Inc.?
The primary purpose of this 8-K filing is to report on Other Events and to provide Financial Statements and Exhibits.
What was Beyond, Inc.'s former name?
Beyond, Inc.'s former name was Overstock.com, Inc.
On what date was this 8-K report filed?
This 8-K report was filed on June 10, 2024.
Where are Beyond, Inc.'s principal executive offices located?
Beyond, Inc.'s principal executive offices are located at 799 W. Coliseum Way, Midvale, Utah 84047.
In which state is Beyond, Inc. incorporated?
Beyond, Inc. is incorporated in Delaware.
Filing Stats: 1,020 words · 4 min read · ~3 pages · Grade level 11.9 · Accepted 2024-06-10 08:33:34
Key Financial Figures
- $0.0001 — ich registered Common stock, par value $0.0001 per share BYON New York Stock Excha
- $200,000,000 — ng an aggregate offering price of up to $200,000,000, to be offered from time to time throug
Filing Documents
- ny20030476x3_8k.htm (8-K) — 27KB
- ny20030476x3_ex1-1.htm (EX-1.1) — 244KB
- ny20030476x3_ex5-1.htm (EX-5.1) — 20KB
- ny20030476x3_logo2.jpg (GRAPHIC) — 17KB
- 0001140361-24-029420.txt ( ) — 509KB
- ostk-20240610.xsd (EX-101.SCH) — 4KB
- ostk-20240610_lab.xml (EX-101.LAB) — 21KB
- ostk-20240610_pre.xml (EX-101.PRE) — 16KB
- ny20030476x3_8k_htm.xml (XML) — 4KB
01
Item 8.01. Other Events On June 10, 2024, Beyond, Inc. (the "Company") entered into a Capital on Demand TM Sales Agreement (the "Sales Agreement") with JonesTrading Institutional Services LLC (the "Sales Agent") pursuant to which the Company may issue and sell from time to time shares of the Company's common stock, par value $0.0001 per share ("Common Stock"), having an aggregate offering price of up to $200,000,000, to be offered from time to time through or to the Sales Agent as sales agent or principal. The Sales Agreement provides that sales of Common Stock, if any, will be made (i) by any method that is deemed to be an "at the market offering" as defined in Rule 415(a)(4) under the Securities Act or (ii) with the Company's prior written consent, by any other method permitted by law and the rules and regulations of the New York Stock Exchange. The Company is not obligated to sell any shares of Common Stock under the Sales Agreement and, if any such sales are made, there can be no assurance as to the price or prices at which such shares may ultimately be sold. The offering will terminate upon the sale of all shares subject to the Sales Agreement or the termination of the Sales Agreement. The Company will pay the Sales Agent a commission of up to 2.0% of the aggregate gross sales price of shares sold through the Sales Agent pursuant to the Sales Agreement. The Company has agreed to reimburse the Sales Agent for certain specified expenses as provided in the Sales Agreement, and has also agreed to provide the Sales Agent with customary indemnification and contribution rights in respect of certain liabilities, including liabilities under the Securities Act of 1933, as amended. The Sales Agreement also contains customary representations, warranties and covenants. The Company intends to use any net proceeds it receives from the issuance and sale of shares pursuant to the Sales Agreement for working capital and other general corporate purposes. The sale of shares,
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 1.1 Capital on Demand TM Sales Agreement, dated as of June 10, 2024, by and between Beyond, Inc. and JonesTrading Institutional Services LLC 5.1 Opinion of Latham & Watkins LLP 23.1 Consent of Latham & Watkins LLP (contained in the opinion filed as Exhibit 5.1 hereto) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Dated: June 10, 2024 BEYOND, INC. By: /s/ E. Glen Nickle Name: E. Glen Nickle Title: Chief Legal Officer