Bed Bath & Beyond, Inc. (NYSE:BBBY) signed a letter of intent to acquire Substantially all assets of F9 Brands, Inc. for approximately $130 million on April 8, 2026. A cash consideration of $37 million will be paid by Bed Bath & Beyond, Inc. The consideration consists of 16 million common equity of Bed Bath & Beyond, Inc. to be issued for Substantially all assets of of F9 Brands, Inc. Bed Bath & Beyond, Inc. will pay an earnout/contingent payment of $25 million cash if F9 Brands achieves $20 million in EBITDA in any of the next five calendar years, subject to negotiation of final terms. The transaction will be financed through existing lender of $40 million.

Following the acquisition, Jason Delves is set to serve as Chief Executive Officer of Beyond Home Services and join the executive leadership team of BBBY.

For the period ending December 31, 2025, F9 Brands, Inc. reported total revenue of $522 million.

Transaction expected to close after the Company?s annual shareholder meeting in May 2026 and customary due diligence, definitive documentation, and regulatory approvals if needed.