|Raise Close Date||April 27, 2020|
|Last Updated||May 03, 2021|
|Current Amount Raised||$0USD|
|Total Raise||$0 USD|
|Soft Cap||$0 USD|
|Raise Status||Open since Closed|
|Minimum Investment||$0 USD|
|Price Per (OSTKO)||$68 USD|
|Token Issuance Platform||TBA|
|Token Issuance Info||The dividend was issued in Series A-1 shares on a 1:10 basis to all Overstock shareholders as of the record date of April 27, 2020.|
These preferred shares receive cash distributions via dividends
Investors in the OSTK common stock received a 'dividend' distribution of OSTKO - the preferred stock of Overstock on a 10:1 ratio. In other words, for every 10 shares of common stock an investor held, they are entitled to one share of OSTKO.
This digital dividend, OSTKO, is the first of its kind. It is tradable on tZERO exclusively and each preferred stock is entitled to future dividend payments.