Material Event Form 8 K

Item 8.01 Other Events.

As previously disclosed, on October 15, 2024, The Container Store Group, Inc. (the "Company") entered into a securities purchase agreement (the "SPA") and collaboration agreement with Beyond, Inc. ("Beyond"). While these agreements remain in effect, based on recent developments, including Beyond's November 20, 2024 press release, at the present time the Company does not expect that the conditions to closing in the SPA will be satisfied or that the transactions contemplated by the SPA will be consummated on the previously disclosed terms. The Company remains focused on the successful execution of its strategic initiatives.

The Company is in advanced discussions with the lenders under its existing term loan credit agreement to provide additional capital to support the Company and its long-term growth and success, reflecting their continued support of the Company's business and strategic initiatives.

Forward Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in Current Report on Form 8-K that do not relate to matters of historical fact should be considered forward-looking statements, including expectations regarding the consummation of a transaction with Beyond, the execution of the Company's strategic initiatives, the Company's discussions with its lenders and providing additional capital. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, risks related to our indebtedness may restrict our current and future operations, and we may not be able to comply with the covenants in our credit facilities or refinance or amend our credit facilities on favorable terms, or at all; the timeline for the completion of the strategic alternatives review process is unknown and there can be no assurance that the process will result in any particular outcome; risks relating to our collaboration agreement with Beyond; the equity investment by Beyond is subject to conditions, including our ability to amend or refinance our debt in a manner commercially acceptable to Beyond and there is no assurance that the equity investment by Beyond, Inc. will be consummated on previously disclosed terms, or at all; there is substantial doubt regarding our ability to continue as a going concern; and the other important factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K filed with the Securities and Exchange Commission, (the "SEC") on May 28, 2024, as updated by our Quarterly Report on Form 10-Q for the fiscal quarter ended September 28, 2024, filed with the SEC on October 30, 2024 and our other filings with the SEC. These factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this Current Report on Form 8-K. Any such forward-looking statements represent management's estimates as of the date of this Current Report on Form 8-K. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this Current Report on Form 8-K.