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Inventory Check: New Digital Shares at Overstock
Summary: American internet retailer, Overstock, has announced a stock dividend payable in digital shares, Series A-1. Overstock shareholders will gain one digital share, Series A-1, for every ten shares of common stock. The Series A-1 shares can be traded on the PRO Securities alternative trading system, operated by tZERO. The registration of the digital shares are ...
American internet retailer, Overstock, has announced a stock dividend payable in digital shares, Series A-1. Overstock shareholders will gain one digital share, Series A-1, for every ten shares of common stock. The Series A-1 shares can be traded on the PRO Securities alternative trading system, operated by tZERO. The registration of the digital shares are not required under the Securities Act of 1933, however, the resale is restricted under Rule 144, Selling Restricted and Control Securities.
Author: Sofia Cabrera
Tags: Overstock,SEC,Series A-1,Stocks,TZERO
Link: Inventory Check: New Digital Shares at Overstock [Copy]
