On February 5, 2025, Kirkland's, Inc. announced the finalization of a $25 million investment from Beyond, Inc., following strong shareholder approval at a Special Meeting. Shareholders voted with 97% in favor of the proposal related to the Beyond transaction, which included the issuance of common stock.
With the requisite shareholder approvals obtained, Beyond completed an $8 million equity purchase under the Subscription Agreement and the mandatory conversion of an $8.5 million convertible term loan. This transaction means Beyond has now provided Kirkland's with a total of $25 million in capital and owns approximately 40% of Kirkland's outstanding common stock.
CEO Amy Sullivan highlighted this as a pivotal moment, stating that the completed transaction and strategic partnership with Beyond will unlock new drivers of transformation. Plans are underway for the first Bed Bath & Beyond store opening later in the year, leveraging Kirkland's merchandising, store operations, and supply chain expertise for Beyond's brand portfolio.
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