Neighborhood Intelligence raises $42.6M in registered direct offering; cuts ATM program to $75M

BED BATH & BEYOND, INC.

Registered direct offering closed Oct 6, 2026: 10,881,192 shares at $2.76 plus pre-funded warrants for 5,241,997 shares at $2.759; net proceeds ~$42.6M.
Common Warrants to purchase up to 16,123,189 shares at $3.45 exercise price, exercisable 6 months after issuance and expiring 5 years from initial exercise date.
ATM program maximum reduced from $200M to $75M via Amendment No. 1 to Capital on Demand Sales Agreement with JonesTrading; prospectus supplement filed Oct 5, 2026.
Proceeds to accelerate merger synergies, build inventory, and for working capital; Rodman & Renshaw gets 5.75% cash fee, $65,000 legal, $15,950 clearing, 494,565 warrants.
CEO Marcus Lemonis bought 362,319 shares at $2.76 (Oct 2 closing price); directors/officers and company agreed to 90-day lock-ups; company barred from new ATM/variable-rate deals for 6 months.

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