Barnes & Noble Education completes $40M ATM equity raise and files $100M shelf offering

Barnes & Noble Education, Inc.

Closed ATM equity offering under BTIG sales agreement, issuing $40M of common stock.
Filed mixed-use shelf registration for up to $100M in aggregate offering price.
Proceeds from ATM expected to reduce annual interest expense; medium-term goal of interest costs at $10M or less.
Shelf offering intended to enhance capital structure flexibility and strategic optionality over time.

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