Ailing home goods retailer Bed Bath & Beyond announced a restructuring this week that includes store closings, layoffs, and a potential public offering.
In a filing with the Securities and Exchange Commission, the store stated that it would occasionally offer, issue, and sell shares of its common stock.
Among other things, it intends to pay off its debts with the money.
The Union, New Jersey-based company has recently seen a lot of volatility.
After purchasing a sizable stake in Bed Bath & Beyond just a few months earlier and promising to make significant gains, billionaire co-founder of the online pet products retailer Chewy Inc. sold all of his shares in the company in the middle of August.
According to the company, it is still looking for a permanent CEO, following the dismissal of Mark Tritton in June after less than three years in the role.
