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“This filing is the next step in preparing for the issuance of our historic digital dividend,” said Overstock CEO
Below are the upcoming key dates for the dividend issuance:
- Ex-Dividend Date:
April 24, 2020
- Record Date:
April 27, 2020
- Distribution Date:
May 19, 2020
The company also filed on
Further information on Overstock and its subsidiaries can be found on the company’s Newsroom and Investor Relations pages. The company continues to provide detailed information on the dividend, including a timeline and answers to frequently asked questions (FAQs), on its website at https://www.overstock.com/dividend.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the Digital Voting Series A-1 Preferred Stock (the “Series A-1”), by Overstock and its subsidiaries and affiliates and no offer, solicitation or sale of the Series A-1 shall be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release is being issued pursuant to and in accordance with Rule 134 under the Securities Act of 1933, as amended. Offers, solicitations and sales of the Series A-1 will be made only by means of a prospectus supplement and the accompanying prospectus, forming a part of an effective registration statement.
Investors should note that trading the Series A-1 shares could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, no assurance of liquidity which could impact the price and ability to sell, and possible loss of principal invested.
O, Overstock.com, O.com, Club O, Main Street Revolution, and Worldstock are registered 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, including but not limited to statements regarding its Series A-1 Preferred Digital Stock Dividend and ATM offering. 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 Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on March 13, 2020, and any subsequent filings with the SEC.
SOURCE: Overstock.com, Inc.
Source: Overstock.com, Inc.