Struggling home goods retailer Bed Bath & Beyond (BBBY) announced that it would sell $300 million worth of its shares.The company also warned that it will likely file for bankruptcy if the stock sale is not successful.

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

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 once again warned it might have to file for bankruptcy if it cannot secure the funds.

Bed Bath & Beyond warned in a filing with the Securities and Exchange Commission that it will "likely" file for bankruptcy if it's not able to secure funds from a stock offering.

Bed Bath & Beyond will sell up to $300 million of its stock to repay creditors and fund its business as it struggles to avoid bankruptcy.

Reeling from a collapse in its stock price and at the mercy of Wall Street banks, Bed Bath & Beyond Inc. warned it will likely go bankrupt if a last-gasp $300 million equity offering fails.

If it's not able to raise sufficient money from the offering, the home furnishings giant said Thursday it expects to "likely file for bankruptcy." Bed Bath & Beyond was able to initially avoid bankruptcy in February by completing a complex stock offering that gave it both an immediate injection of cash and a pledge for more funding in the future to pay down its debt.