Beyond, Inc. Discloses Stake in Kirkland's, Inc.
Ticker: TBHC · Form: SC 13D · Filed: Oct 28, 2024 · CIK: 1056285
| Field | Detail |
|---|---|
| Company | Kirkland'S, INC (TBHC) |
| Form Type | SC 13D |
| Filed Date | Oct 28, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $8.5 million, $17 million, $1.85 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, schedule-13d, retail
TL;DR
**BEYOND** just took a **KIRK** stake. Watch this space.
AI Summary
On October 28, 2024, Beyond, Inc. (formerly Overstock.com, Inc.) filed a Schedule 13D regarding Kirkland's, Inc. The filing indicates a change in beneficial ownership, with Beyond, Inc. now holding a significant stake in Kirkland's, Inc. The specific percentage and number of shares are detailed within the filing.
Why It Matters
This filing signals a potential shift in control or influence for Kirkland's, Inc., as a significant shareholder, Beyond, Inc., has formally declared its holdings. Investors will be watching for any strategic moves or collaborations that may arise.
Risk Assessment
Risk Level: medium — The filing indicates a change in beneficial ownership, which could lead to activist investor behavior or a takeover attempt, introducing uncertainty.
Key Players & Entities
- Beyond, Inc. (company) — Filing entity, formerly Overstock.com, Inc.
- Kirkland's, Inc. (company) — Subject company of the filing
- Adrianne Lee (person) — Chief Financial & Administrative Officer of Beyond, Inc., listed contact
- 0001140361-24-044419 (filing_id) — Accession number for the filing
FAQ
What is the accession number for this SC 13D filing?
The accession number for this filing is 0001140361-24-044419.
Who is the subject company of this filing?
The subject company is Kirkland's, Inc.
Which entity filed this Schedule 13D?
Beyond, Inc. filed this Schedule 13D.
What was Beyond, Inc. formerly known as?
Beyond, Inc. was formerly known as Overstock.com, Inc.
Who is listed as a contact person for Beyond, Inc. in this filing?
Adrianne Lee, Chief Financial & Administrative Officer of Beyond, Inc., is listed as a contact.
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