Overstock.com Announces Proposed Public Offering of Common Stock
March 26 2018 - 4:01PM
Overstock.com, Inc. (NASDAQ:OSTK) today announced that it
intends to offer 4,000,000 shares of its common stock in an
underwritten public offering. Overstock also expects to grant
to the underwriters a 30-day option to purchase up to 600,000
additional shares of its common stock in the offering. All of
the shares will be offered and sold by Overstock. The offering
is subject to market and other conditions, and there can be no
assurance as to whether or when the offering may be completed, or
as to the actual size or terms of the offering.
Guggenheim Securities, LLC is acting as sole book-running
manager for the offering. D.A. Davidson & Co. is acting as
co-manager.
The public offering will be made pursuant to a shelf
registration statement on Form S-3 that was filed by Overstock with
the Securities and Exchange Commission (“SEC”) on April 24, 2015
and declared effective on December 9, 2015. A preliminary
prospectus supplement and accompanying prospectus relating to and
describing the terms of the offering will be filed with the SEC and
will be available on the SEC’s website at www.sec.gov. When
available, copies of the preliminary prospectus supplement and
accompanying prospectus may be obtained from Guggenheim Securities,
LLC, Attention: Equity Syndicate Department, 330 Madison Avenue,
8th Floor, New York, NY 10017, or by email at
GSEquityProspectusDelivery@guggenheimpartners.com, or by telephone
at 212-518-9658.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy the securities described, nor shall
there be any sale of these securities in any state or jurisdiction
in which any such offer, solicitation or sale would be
unlawful.
About Overstock.com
Overstock.com, Inc. is an online retailer based in Salt Lake
City, Utah that sells a broad range of products at low prices,
including furniture, décor, rugs, bedding, and home improvement. In
addition to home goods, Overstock.com offers a variety of products
including jewelry, electronics, apparel, and more, as well as a
marketplace providing customers access to hundreds of thousands of
products from third-party sellers. Additional stores include Pet
Adoptions and Worldstock.com dedicated to selling artisan-crafted
products from around the world. Forbes ranked Overstock in its list
of the Top 100 Most Trustworthy Companies in 2014. Overstock
regularly posts information about the company and other related
matters under Investor Relations on its website,
http://www.overstock.com.
O, Overstock.com, O.com, Club O, Main Street
Revolution, and Worldstock are registered trademarks of
Overstock.com, Inc. O.biz and Space Shift are also
trademarks of Overstock.com, Inc. Other service marks, trademarks
and trade names which may be referred to herein are the
property of their respective owners.
Forward-Looking Statements The
information in this press release contains forward-looking
statements and information within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which are subject to
the “safe harbor” created by those sections. This press release
contains forward-looking statements that involve substantial risks
and uncertainties, including statements regarding Overstock’s
intention to conduct an offering of its shares of common stock.
These statements deal with future events and involve known and
unknown risks, uncertainties and other factors that may cause
actual results to be materially different from the information
expressed or implied by these forward-looking statements. For a
discussion of important factors that may cause our actual results
to differ materially from those expressed or implied by our
forward-looking statements, you should refer to the sections
entitled “Risk Factors” in Overstock’s Annual Report on Form 10-K
for the year ended December 31, 2017 filed with the SEC on March
15, 2018, in Overstock’s shelf registration statement declared
effective by the SEC on December 9, 2015, the preliminary
prospectus supplement related to the proposed offering filed or to
be filed by Overstock with the SEC on March 26, 2018, and other
filings Overstock makes with the SEC from time to time.
Furthermore, such forward-looking statements speak only as of the
date of this press release. Overstock undertakes no obligation to
publicly update any forward-looking statements or reasons why
actual results might differ, whether as a result of new
information, future events or otherwise, except as required by
law.
SOURCE: Overstock.com, Inc.
Media Contact:pr@overstock.com
Investor Contact:ir@overstock.com
Overstock com (NASDAQ:OSTK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Overstock com (NASDAQ:OSTK)
Historical Stock Chart
From Apr 2023 to Apr 2024