BBBY Bed Bath and Beyond Inc

As previously disclosed, on June 12, 2023, Bed Bath and Beyond Inc. (the “Company”) and certain of its direct and indirect subsidiaries (collectively, the “Company Parties”) entered into an Asset Purchase Agreement (the “Agreement”) with Overstock.com, Inc., a Delaware corporation (“Overstock”), under which Overstock agreed to acquire certain assets of the Company Parties, including intellectual property, business data, rights to mobile applications, and certain contracts and other related assets (collectively, the “Assets”), and assume certain specified liabilities of the Company Parties (collectively, the “Liabilities” and such acquisition of the Assets and assumption of the Liabilities, the “Transaction”) for a total purchase price of $21,500,000, with a portion of the purchase price held in escrow, to be released upon satisfaction of certain conditions, including providing confirmation that the liquidation of inventory and going out of business sales of the Company Parties have terminated, and the satisfaction of certain intellectual property conditions. On June 28, 2023, Overstock completed the Transaction and acquired the Assets of the Company Parties.

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