Bed Bath & Beyond, a favorite of meme stock traders, got a last-minute reprieve as a hedge fund provided liquidity this week, but the retailer’s finances are still stretched thin.

Although filing for bankruptcy is no longer in the company’s immediate plans, the home improvement retailer’s warning was not issued until January.

The retailer is facing serious difficulties and that bankruptcy is still a possibility.

Bed Bath & Beyond received a last-minute reprieve from Hudson Bay Capital on Feb. 7. The hedge fund agreed to invest $1 billion in the retailer in the form of convertible preferred stock and warrants. The retailer is trying to stop cash leakage as suppliers seek money for past due accounts receivable.