Overstock announced an official "Rights Offering" on shares to last traded on the t0 platform. Stockholders volition last given correct to buy shares of its preferred stock to last issued in addition to traded solely on a registered option trading arrangement using the t0 issuance in addition to trading platform developed past times Overstock’s majority-owned fiscal technology scientific discipline subsidiary t0 (tee-zero).
They are calling the share
Blockchain Series Influenza A virus subtype H5N1 Preferred, which volition merchandise solely on the platform.
“This is the culmination of over 2 years of truthful project design in addition to difficult work,” said Overstock CEO Patrick M. Byrne. “Through this populace issuance of blockchain-based securities the history of uppercase 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 past times 4:00 PM ET to larn 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 in addition to Final Price is determined. | |
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You tin break to a greater extent than close
Overstock in addition to
t0 at their respective spider web addresses. Read the sum Overstock annunciation
here.
Algei
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