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 warned again that it would likely have to file for bankruptcy if it did not get the proceeds.

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.

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.

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.