Overstock announced an official "Rights Offering" on shares to hold out traded on the t0 platform. Stockholders volition hold out given correct to buy shares of its preferred stock to hold out issued together with traded alone on a registered choice trading organisation using the t0 issuance together with trading platform developed yesteryear Overstock’s majority-owned fiscal technology subsidiary t0 (tee-zero).
They are calling the share
Blockchain Series Influenza A virus subtype H5N1 Preferred, which volition merchandise alone on the platform.
“This is the culmination of over 2 years of truthful conception together with difficult work,” said Overstock CEO Patrick M. Byrne. “Through this populace issuance of blockchain-based securities the history of working capital missive of the alphabet markets is entering a novel era, the era of blockchain-based securities.”
Schedule
According to the announcement, the offerings schedule:
| Monday, Nov 7, 2016 | Ownership Day; must ain OSTK mutual stock yesteryear 4:00 PM ET to croak a stockholder of tape on the Record Date. | |
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| Tuesday, Nov 8, 2016 | Shares merchandise Ex-Right | |
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| Thursday, Nov 10, 2016 | Record Date | |
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| Monday, Nov 14, 2016 | Announcement of Maximum Price | |
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| Tuesday, Nov 15, 2016 | Subscription Period Begins | |
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| Tuesday, Dec 6, 2016 | Subscription Period expires at 5:00 PM ET together with Final Price is determined. | |
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You tin forcefulness out notice to a greater extent than virtually
Overstock together with
t0 at their respective spider web addresses. Read the amount Overstock annunciation
here.
Algei
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