Bed Bath & Beyond Nears Bankruptcy Filing Amidst Rescue Delays.

Bed Bath & Beyond is reportedly in talks with advisers and lenders about a potential bankruptcy filing in the coming weeks as its efforts to raise cash fall short. The retailer is also exploring financing options to fund itself during bankruptcy. The filing could come before an April 26 deadline to raise $300 million from equity investors. Despite the news, shares of Bed Bath & Beyond surged 41% in the first 40 minutes of trading on Wednesday, drawing attention from retail traders on platforms such as Reddit's WallStreetBets.