Overstock.com (OSTK) Announces 1.7M Share Public Offering of Common Stock

Overstock.com, Inc. (NASDAQ: OSTK) (“Overstock”) announced that it has commenced an underwritten public offering of 1,700,000 shares of its common stock, par value $0.0001 per share (the “Common Stock”). In addition, Overstock expects to grant underwriters a 30-day option to purchase up to an additional 255,000 shares of the Common Stock, at the public offering price, less the underwriting discount.

Overstock intends to use the net proceeds from the offering for general corporate purposes.

BofA Securities and Credit Suisse are acting as book-running managers of the offering. Piper Sandler, Needham & Company, D.A. Davidson & Co. and Wedbush Securities are acting as co-managers of the offering.

The offering is being made pursuant to an effective shelf registration statement and prospectus supplement filed by Overstock with the Securities and Exchange Commission (“SEC”).

You May Also Be Interested In

• enVVeno Medical (NVNO) files $100M mixed shelf
• CoStar Group acquires Zonda for $800M, adding new home data
• EShallGo closes $1.75M registered direct offering at $1 per share