Cryptocurrency Stock News: Overstock.com (OSTK) Shareholders Approve Series A-1 Preferre…

NEW YORK – February 14, 2020 (Investorideas.com Newswire) Overstock.com, Inc. (NASDAQ: OSTK) stockholders have voted to approve the proposed changes for the company to move forward with the issuance of its previously-announced Series A-1 Preferred Stock dividend on a 1:10 basis. The shares, which will be registered with the SEC, trade exclusively on the tZERO ATS under the symbol OSTKO.

“This is a big deal for Overstock and tZERO,” said Overstock CEO Jonathan Johnson. “I thank our stockholders for approving this historic dividend, which we believe will provide them real value. I expect it will increase investor interest and activity in the tZERO ATS trading environment and incentivize both issuers and broker-dealers to further utilize tZERO’s revolutionary blockchain-meets-capital-markets technology.”

Stockholder approval enabled changes to be made to the OSTKO certificates of designation so that shares can be held more broadly and transferred more easily. Stockholders…