Mar. 13 at 10:54 AM
Shay Capital holds positions in
$TLYS $GRPN $FTAI $PCT $LQDA . Also, in BBBY, where they have sent a letter to the management requiring action about tZero etc. The new CEO of BBBY, Marcus Lemonis took action.
In late 2025, Shay Capital sent also a letter to BARK Inc, asking for buybacks etc and proposed Nachum Klugman for the BoD.
Later in 2026, N.Klugman through GNK co-operated with M.Lemonis to make a buy-out proposal for BARK at
$1.10/share (current sp ~
$0.80).
Obviously Shay is connected with Klugman but also with Lemonis, after their involvement in BBBY.
In the next weeks the BARK special committee will have to decide if they accept the
$1.10 offer. If they don't, despite the current high premium, then the group can make a tender offer, as the 75% of the shares are held by institutions and retail investors.
The arbitrage is 37%, offering a decent risk/reward ratio.
Also, other actions by BARK, like the CIC agreement of the CEO & the payment of the convertibles indicate a buyout.
