Barnes & Noble Education has notified the SEC of a late filing of its year-end financial report, as it attempts to refinance its loans with creditors, or reach “other liquidity solutions,” in an effort “to strengthen its liquidity and financial position.” Notably, “If the Company does not consummate a refinancing or other transaction to sufficiently enhance its liquidity before the issuance of the Company’s audited financial statements as of and for the fiscal year ended April 29, 2023…management likely would conclude that substantial doubt about the Company’s ability to continue as a going concern exists.” They note elsewhere in the […]
