Kirkland's completes $25M investment from Beyond; Beyond now owns ~40% of KIRK

BRAND HOUSE COLLECTIVE, INC.

Shareholders approved share issuance at Feb 5 special meeting with 97% of votes cast in favor.
Beyond completed $8M equity purchase at $1.85/share and conversion of $8.5M term loan, total $25M capital.
Beyond now holds approximately 40% of Kirkland's outstanding common stock.
Kirkland's plans first Bed Bath & Beyond store opening later in 2025 as part of strategic partnership.
Charter amendment approved reducing authorized common shares from 100M to 80M.

item 1.01 item 2.03 item 3.02 item 3.03 item 5.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BRAND HOUSE COLLECTIVE, INC.: Shareholders approved an amendment decreasing authorized common shares from 100,000,000 to 80,000,000 and total capital stock from 110,000,000 to 90,000,000; preferred stock unchanged at 10,000,000 shares (effective 2025-02-05).

Change: charter amendment
Effective: 2025-02-05

Exact text from the filing

On February 5, 2025, the Company’s shareholders approved an amendment to the Company’s Amended and Restated Charter (“the Charter Amendment”) which decreases the number of authorized shares of Common Stock from 100,000,000 to 80,000,000, and decreases the number of authorized shares of capital stock from 110,000,000 to 90,000,000.

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Source: SEC EDGAR

accession 0000950170-25-014531

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