Bed Bath & Beyond Inc on Thursday announced plans to sell $300 million worth of its shares as the struggling retailer looks to raise more capital, and warned again that it would likely have to file for bankruptcy if it did not get the proceeds.

Beleaguered retailer Bed Bath & Beyond is offering $300 million in stock in a last ditch effort as it warns of bankruptcy, again.

Shares of Bed Bath & Beyond dropped by more than 15% Thursday morning following an announcement it plans to offer and sell up to $300 million in common stocks in its latest bid to stave off bankruptcy—as the hamstrung home goods retailer’s financial woes continue.

Bed Bath & Beyond Inc said on Thursday it has reached an agreement with investment bank B Riley to sell $300 million of its shares, as the struggling retailer looks to raise equity.The home goods retailer added it was terminating its previous public equity offering and all outstanding warrants for Series A Convertible Preferred Stock made in February.

The distressed retailer is terminating its previous equity deal with Hudson Bay Capital and seeking to tap the retail market instead.