trending Market Intelligence /marketintelligence/en/news-insights/trending/UAhKJcro_bKPGwXhHkEkGw2 content esgSubNav
In This List

Overstock.com raises $10.9M in rights offering

Blog

Discovery+ dives into a crowded US OTT video market

451 Research Podcast

Next in Tech | Episode 42: AI/ML Infrastructure

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Video

S&P Capital IQ Pro | Powered by Expert Insights


Overstock.com raises $10.9M in rights offering

Overstock.com Inc. raised a gross amount of about $10.9 million through a rights offering of preferred shares, which closed Dec. 15.

A total of 695,898 shares were sold in the offering, of which 126,565 or about 18% were series A blockchain shares. As previously announced, such shares will trade on a registered alternative trading system under the new ticker symbol OSTKP, using the t0 platform that is majority-owned by Overstock unit Medici Ventures.

Meanwhile, the series B shares will trade in the over-the-counter market, with FINRA expected to assign a trading symbol for the shares on Dec. 16.

Overstock's board approved the rights offering in October.