What's Going On With Container Store Stock After Getting $40M Investment From Beyond?
What's Going On With Container Store Stock After Getting $40M Investment From Beyond?
The Container Store (NYSE:TCS) shares are trading higher on Wednesday in the premarket session after diving over 19% in the last trading session.
container store(紐交所:TCS)股份週三在盤前交易中上漲,在上一個交易日下挫超過19%後。
In a press release yesterday, the company said it inked a strategic pact with Beyond, Inc. (NYSE:BYON) to boost the customer experience.
公司昨天在新聞稿中表示,與Beyond, Inc.(紐交所:BYON)簽署戰略協議,旨在提升客戶體驗。
As part of the collaboration, Beyond will invest $40 million in Container Store through a preferred equity transaction, contingent upon certain terms and conditions.
作爲合作的一部分,Beyond將通過優先股交易向Container Store投資4000萬美元,前提是符合一定的條款和條件。
This includes an amendment or refinancing of Container Store's credit facilities in a manner that is commercially acceptable to Beyond.
其中包括以對Beyond商業上可接受的方式進行容器商店信貸設施的修訂或再融資。
Container Store will leverage its prime real estate and the Bed Bath & Beyond brand to create co-branded stores featuring kitchen, bath, and bedroom products.
container store將利用其一流的房地產和Bed Bath & Beyond品牌創建聯名店,提供廚房、浴室和臥室產品。
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This partnership aims to boost traffic for Container Store's core offerings and its Custom Spaces services.
此合作旨在促進container store的核心產品和其定製空間服務的流量增長。
Additionally, Beyond will provide a global loyalty program, payment options, and insurance products at Container Store locations and online, targeting growth in Custom Spaces and improving conversion rates.
此外,Beyond將在container store的門店和在線提供全球忠誠計劃、支付選項和保險產品,旨在促進定製空間的增長並提高轉化率。
According to Benzinga Pro, TCS stock has lost over 65% in the past year.
根據Benzinga Pro的報道,TCS股票在過去一年中已經下跌了超過65%。
Marcus Lemonis, Executive Chairman of Beyond, commented, "We see tremendous whitespace for The Container Store's best-in-class, solution-based offerings across the entire Beyond portfolio, particularly within its high-margin Custom Spaces offering through the proprietary Elfa and Preston lines."
Beyond的執行主席馬庫斯•雷蒙尼斯評論說:「我們看到The Container Store的高品質、解決方案爲基礎的產品在整個Beyond組合中有巨大的空白,特別是在其高毛利Custom Spaces產品中,通過專有的Elfa和Preston系列。」
The Container Store will issue approximately 40,000 shares of a newly created series of preferred stock to Beyond for an aggregate purchase price of $40 million.
容器商店將向Beyond發行約40,000股新創建的優先股系列,以4000萬美元的總購買價格。
Following the refinancing or amendment of the company's credit facilities and shareholder approval in the fourth quarter of 2024 or first quarter of 2025, the preferred stock will convert to common stock at a price of $17.25.
在公司信貸額度再融資或修訂和股東在2024年第四季度或2025年第一季度批准後,優先股將以17.25美元的價格轉換爲普通股。
This would give Beyond approximately 40% ownership of The Container Store's common equity, subject to certain other conditions.
這將使Beyond擁有The Container Store普通股約40%的所有權,視情況而定。
According to Benzinga Pro, BYON stock has lost over 40% in the past year. Investors can gain exposure to the stock via Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) and ProShares Online Retail ETF (NYSE:ONLN).
根據Benzinga Pro的報道,BYON股票在過去一年中已經下跌了超過40%,投資者可以通過Siren納斯達克NexGen經濟etf(NASDAQ:BLCN)和proshares online retail etf(紐交所:ONLN)獲得該股票的配置。
Price Action: BYON shares are trading higher by 1.26% to $10.47 and TCS is up by 38.9% at $14.86 premarket at last check Wednesday.
股價走勢:BYON股票交易價格上漲1.26%,爲10.47美元;TCS盤前交易價格上漲38.9%,爲14.86美元,在上週三最後檢查時。
Image via Shutterstock
圖片來自shutterstock。
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譯文內容由第三人軟體翻譯。