Beyond, Inc. Files 8-K Report

TL;DR

Beyond, Inc. (formerly Overstock) filed an 8-K on Oct 15th covering financials and other events.

AI Summary

On October 15, 2024, Beyond, Inc. filed an 8-K report. The filing primarily concerns financial statements and exhibits, along with other events and Regulation FD disclosures. The company, formerly known as Overstock.com, Inc., is incorporated in Delaware and headquartered in Midvale, Utah.

Why It Matters

This 8-K filing provides an update on Beyond, Inc.'s corporate activities and financial reporting, which is crucial for investors to stay informed about the company's status.

Risk Assessment

Risk Level: low — This filing is a routine corporate disclosure and does not appear to contain significant new risks or material adverse information.

Key Players & Entities

• Beyond, Inc. (company) — Registrant
• Overstock.com, Inc. (company) — Former name
• October 15, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• Midvale, Utah (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common Stock, $0.0001 par value per share BYON New York Stock
• $40 million — S (the "Collaboration Agreement") and a $40 million investment into TCS (the "Equity Invest
• $17.25 — k") with an initial conversion price of $17.25 plus (b) the number of shares of Series
• $500,000 — nd the Equity Investment (not to exceed $500,000 / 5,000 shares) for an aggregate purcha
• $40,000,000 — res) for an aggregate purchase price of $40,000,000 pursuant to the terms of the securities

Filing Documents

• ostk-20241015.htm (8-K) — 33KB
• pressrelease20241015.htm (EX-99.1) — 24KB
• 0001130713-24-000063.txt ( ) — 187KB
• ostk-20241015.xsd (EX-101.SCH) — 2KB
• ostk-20241015_lab.xml (EX-101.LAB) — 21KB
• ostk-20241015_pre.xml (EX-101.PRE) — 12KB
• ostk-20241015_htm.xml (XML) — 3KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure On October 15, 2024, Beyond, Inc., a Delaware corporation (the "Company"), issued a press release (the "Press Release") announcing the transactions summarized below. The full text of the Press Release is attached as Exhibit 99.1 to this Current Report and is incorporated by reference herein. The information disclosed in this Item 7.01 (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly provided by specific reference in such a filing.

01. Other Events

Item 8.01. Other Events TCS Transactions On October 15, 2024, the Company entered into a series of transactions with The Container Store Group, Inc. ("TCS"), which provides for, among other things, entry into a collaboration agreement with TCS (the "Collaboration Agreement") and a $40 million investment into TCS (the "Equity Investment"). Under the Collaboration Agreement, the Company and TCS will work together to identify, evaluate and prioritize collaboration opportunities which are mutually beneficial to their respective business, including, among other things, (i) reducing customer acquisition costs and increasing marketing ROI through sharing customer data (where possible) and joint marketing efforts across their respective organizations and affiliates, (ii) enhancing mutual assortments by leveraging relevant brands, products, and channels across their respective organizations and affiliates, (iii) optimizing the .com experience by sharing technical resources and services, as well as products, branding and creative content across their respective organizations and affiliates, (iv) capturing benefits of scale by sharing resources (i.e., technical, product, data, vendor, people, etc.) across their respective organizations and affiliates, and (v) delivering better customer experiences, convenience, and value by offering cross-company programs (i.e., offers, integrated loyalty program, credit card). The Equity Investment contemplates the issuance and sale by TCS to the Company of: (a) 40,000 shares of a new class of its capital stock titled its "Series B Convertible Preferred Stock" (the "Series B Convertible Preferred Stock") with an initial conversion price of $17.25 plus (b) the number of shares of Series B Convertible Preferred Stock attributable to the Company's expenses incurred in connection with the Purchase Agreement and the Equity Investment (not to exceed $500,000 / 5,000 shares) for an aggregate purchase price of $40,000,000 pursuant to the term

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description of Exhibit 99.1 Press Release, dated October 15, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3 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. BEYOND, INC. By: /s/ E. Glen Nickle E. Glen Nickle Chief Legal Officer Date: October 16, 2024 4

View Full Filing

View this 8-K filing on SEC EDGAR