Saturday, July 12, 2025

Latest

BBBY: Bed Bath & Beyond Shares Get Delisted Following Bankruptcy Plan Taking Effect

Bed Bath & Beyond (OTC: BBBYQ) is officially ceasing trade on public markets. The halt follows the company filing for bankruptcy on April 23 via a Chapter 11 filing in New Jersey.

The company, who officially made the filing as “20230930-DK-Butterfly-1, Inc.”, late on Friday made a filing with the Securities and Exchange Commission indicating that as a result of confirmed bankruptcy plan made with the U.S. Bankruptcy Court for the District of New Jersey becoming effective, all of the company’s equity interests have been cancelled. Such equity interests include outstanding shares of common stock and Series A convertible preferred stock of the company.

READ: BBBY: Bed Bath & Beyond Continues To Trade Despite Zero Recovery For Shareholders Under Bankruptcy Plan

Furthermore, no shares of the company will be reserved for future issuance in respect of claims and interests filed under the bankruptcy plan.

A Form 15 has also been submitted to the SEC for the deregistration of its shares on the public markets, immediately ceasing the listing and ending the obligations of the company to file anything with the regulator.

In short, as of September 29, 2023, all shares of the corporation have been cancelled, amounting to shareholders receiving $0.00 for their ownership in the company, despite the company closing the last session at $0.079 per share.


Information for this briefing was found via Edgar and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Troubled Battery Maker Northvolt Faces Bankruptcy as Funding Runs Dry

The Swedish battery manufacturer Northvolt, once hailed as Europe’s answer to the dominance of Asian...

Wednesday, November 20, 2024, 11:04:00 AM

Celsius Creditors Move To Sue Mashinsky, Other Executives For Fraud

Debtors of the bankrupt cryptocurrency lender Celsius Network have presented a sale plan to the...

Wednesday, February 15, 2023, 09:53:00 AM

Bad Boy Furniture Declares Bankruptcy After Failed Restructuring Attempt

Furniture retailer Bad Boy Furniture has officially declared bankruptcy after a failed attempt to restructure...

Thursday, January 25, 2024, 10:40:00 AM

Celsius Looks At Selling US$23 Million In Stablecoin Holdings For Its Bankruptcy Process

Celsius Network filed on Thursday with the court holding its bankruptcy hearings a request to...

Friday, September 16, 2022, 03:16:00 PM

Lenders’ List: Celsius Network Forced To Disclose Names Of Creditors

The bankruptcy court handling the ongoing Chapter 11 process of Celsius Network thumbed down the...

Tuesday, October 11, 2022, 10:33:00 AM