Overstock.com Releases Statement on Proposed Public Offering
April 02 2018 - 3:22PM
Overstock.com, Inc. (NASDAQ:OSTK) has released the following
information regarding its previously-announced proposed public
offering:
“While we were pleased with the high level of interest shown in
our offering, it was intended to be an opportunistic financing,”
said Overstock President Saum Noursalehi. “Given the market
volatility and price we are terminating the offering. We continue
to pursue other strategic options.”
About Overstock.com
Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A
Preferred (Medici Ventures’ tZERO platform:OSTKP) / Series B
Preferred (OTCQX:OSTBP) 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.
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements include all statements other than
statements of historical fact. Additional information regarding
factors that could materially affect results and the accuracy of
the forward-looking statements contained herein may be found in the
Company's Form 10-Q for the quarter ended December 31, 2017, which
was filed with the SEC on March 15, 2018, and any subsequent
filings with the SEC.
Media Contact:pr@overstock.com
Investor Contact:ir@overstock.com
SOURCE: Overstock.com, Inc.
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