Edition:
United Kingdom

Overstock.Com Releases Additional Information On GSR Capital Investment


Thursday, 16 Aug 2018 

Aug 16 (Reuters) - Overstock.com Inc ::OVERSTOCK.COM RELEASES ADDITIONAL INFORMATION ON GSR CAPITAL INVESTMENT, STANDBY EQUITY UNDERWRITING AGREEMENT, AND CAPITAL ON DEMAND SALES AGREEMENT (ATM).OVERSTOCK.COM - EXPECTS CURRENT CAPITAL TO SERVE PRESENT OPERATING NEEDS FOR RETAIL BUSINESS, MEDICI VENTURES, TZERO OVER COMING YEAR.OVERSTOCK.COM - HAS NOT USED $50 MILLION STANDBY EQUITY UNDERWRITING AGREEMENT ENTERED INTO ON AUGUST 9, 2018 AND INTENDS TO LET IT EXPIRE UNUSED.OVERSTOCK.COM - ALSO INTENDS TO MAINTAIN CAPITAL ON DEMAND SALES AGREEMENT (ATM) REFERENCED IN 8-K FILED ON AUGUST 15, 2018 FOR UP TO 3 YEARS.OVERSTOCK.COM - CO ENGAGED WITH OTHER POTENTIAL PARTNERS WHO EXPRESSED INTEREST IN INVESTMENT IN CO.