secwatch.observer — SEC 8-K summary
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Issuer:     20230930-DK-Butterfly-1, Inc. (—)
CIK:        0000886158
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0001193125-23-172557
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 1.03
LLM model:  deepseek-v4-flash:cloud@v2

Bed Bath & Beyond selects Overstock as successful bidder for $21.5M asset sale; DIP financing approved
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- Overstock.com selected as successful bidder to acquire IP, business data, mobile apps, and certain contracts for $21.5M.
- Sale hearing set for June 27, 2023; closing expected shortly after, with termination date of July 3, 2023.
- Bankruptcy Court entered final order authorizing DIP facility: $40M new money term loan plus $200M roll-up.
- DIP proceeds to fund post-petition working capital, administrative costs, and other court-approved uses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886158/000119312523172557/0001193125-23-172557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886158/000119312523172557/d444406d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-172557

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer