There's a bit of chatter around it being a 'squeeze' candidate, but also they have seemingly secured funding for above their current value.
https://investors.blueapron.com/press-releases/2022/12-15-2022-140137998 “Blue Apron received $1.0 million of the private placement obligation of $56.5 million in exchange for which the company will issue 176,991 shares of Class A common stock at a price of $5.65 per share. Furthermore, Mr. Sanberg has stated that he and his affiliates remain committed to funding the remaining purchase obligation of $55.5 million at $5.65 per share under the private placement agreement. The company continues to be engaged in constructive dialogue with Mr. Sanberg and his affiliates regarding his remaining obligations.”
Could someone please explain how this would likely impact their share price / operations?
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