Overstock.com, Inc. (NASDAQ:OSTK) Files An 8-K Other EventsItem 8.01Other Information.
On December 29, 2017 the holder of one of the warrants Overstock.com, Inc. (“Overstock”) issued on November 8, 2017 exercised the warrant for all shares covered by the warrant and not previously acquired upon exercise. Overstock received the exercise price of approximately $100 million and issued 2,471,188 shares of its common stock to the warrant holder in accordance with the terms of the warrant.
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About Overstock.com, Inc. (NASDAQ:OSTK)
Overstock.com, Inc. is an online retailer offering a range of merchandise, including furniture, home decor, bedding and bath, houseware, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods, among other products. The Company operates through two segments: direct business and partner business. Its direct business includes sales made to individual consumers and businesses. For the Company’s partner business, it sells merchandise from manufacturers, distributors and other suppliers. The Company also sells books, magazines, compact discs (CDs), digital versatile discs (DVDs) and video games under books, movies, music and games (BMMG) category. It sells these products through its Internet Websites located at www.overstock.com, www.o.co and www.o.biz. The Company offers approximately 877,000 non-BMMG products and 1.1 million BMMG products.
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