Edition:
United Kingdom

Overstock.Com To Purchase Common Stock In Elio Motors


Tuesday, 24 Apr 2018 

April 24 (Reuters) - Overstock.com Inc ::OVERSTOCK.COM TO PURCHASE COMMON STOCK IN ELIO MOTORS.OVERSTOCK.COM INC - OVERSTOCK AGREED TO BUY $2.5 MILLION OF NEWLY ISSUED SHARES OF ELIO STOCK AT $2.75 PER SHARE.OVERSTOCK.COM - ELIO INTENDS TO USE PROCEEDS OF NEW INVESTMENT BY CO TO FUND CAPEX AND REPAY CERTAIN OUTSTANDING DEBT AND ACCOUNTS PAYABLE.OVERSTOCK.COM INC - ELIO MOTORS ANNOUNCED IT EXPECTS TO LAUNCH A SECURITY TOKEN OFFERING TO, AMONG OTHER THINGS, FUND PRODUCTION OF ELIO VEHICLE.OVERSTOCK.COM INC - EXPECTED THAT ELIO MOTORS' SECURITY TOKEN OFFERING WILL INCLUDE A PRE-SALE OF ELIOCOIN.