Beyond, Inc. Discloses Stake in Kirkland's, Inc.
Ticker: BBBY-WT · Form: SC 13D · Filed: Oct 28, 2024 · CIK: 1130713
Sentiment: neutral
Topics: ownership-change, retail, sec-filing
Related Tickers: KIRK
TL;DR
**Beyond, Inc. just bought into Kirkland's! 🚀**
AI Summary
On October 28, 2024, Beyond, Inc. filed a Schedule 13D regarding Kirkland's, Inc. The filing indicates that Beyond, Inc. has acquired a significant stake in Kirkland's, Inc., though the exact number of shares and dollar amount are not specified in this excerpt. This action suggests a potential strategic interest or investment by Beyond, Inc. in the retail sector.
Why It Matters
This filing signals a potential shift in the ownership structure or strategic direction for Kirkland's, Inc., which could impact its operations and market position.
Risk Assessment
Risk Level: medium — The filing indicates a change in beneficial ownership, which can lead to increased volatility and uncertainty for the target company.
Key Players & Entities
- Beyond, Inc. (company) — Filing entity
- Kirkland's, Inc. (company) — Subject company
- Adrianne Lee (person) — Chief Financial & Administrative Officer of Beyond, Inc.
FAQ
What is the primary purpose of this Schedule 13D filing?
The filing is to report a change in beneficial ownership of Kirkland's, Inc. by Beyond, Inc.
Who is filing this Schedule 13D?
Beyond, Inc. is filing the Schedule 13D.
What is the CUSIP number for Kirkland's, Inc. common stock?
The CUSIP number for Kirkland's, Inc. common stock is 497498105.
What is the business address of Beyond, Inc.?
The business address of Beyond, Inc. is 799 W. Coliseum Way, Midvale, Utah 84047.
Who is listed as a contact person for Beyond, Inc. in this filing?
Adrianne Lee, Chief Financial & Administrative Officer, is listed as a contact person.
Filing Stats: 2,048 words · 8 min read · ~7 pages · Grade level 13.2 · Accepted 2024-10-28 16:01:19
Key Financial Figures
- $8.5 million — d below) for aggregate consideration of $8.5 million in connection with the entry into the C
- $17 million — "), the Reporting Person agreed provide $17 million in debt financing to the Issuer, includ
- $1.85 — o Common Stock at a conversion price of $1.85 per share in an amount not to exceed 2,
Filing Documents
- ef20037797_sc13d.htm (SC 13D) — 72KB
- 0001140361-24-044419.txt ( ) — 74KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date : October 28, 2024 Beyond, Inc. By: /s/ Adrianne B. Lee Name: Adrianne Lee Title: Chief Financial & Administrative Officer