Overstock.com Announces Commencement Of Rights Offering And Maximum Price

SALT LAKE CITY, Nov. 15, 2016 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK) launched its previously announced rights offering today with a maximum subscription price of $15.68 per share. The actual subscription price may be lower and will be determined at the end of the subscription period on Dec. 6, 2016. 

Overstock CEO Patrick M. Byrne said, "Issuing history's first public blockchain security is to the world of finance what Chuck Yeager breaking the sound barrier was to aviation. This is the start of a new age for global capital markets.

"The rights offering will allow Overstock shareholders to purchase shares of its preferred stock, including shares to be issued using t0's blockchain technology. In addition, the blockchain shares will trade exclusively on a registered alternative trading system using the t0 blockchain technology."

The rights offering is being made pursuant to Overstock's effective shelf registration statement on Form S-3 (Reg. No. 333-203607) on file with the Securities and Exchange Commission (the "SEC") and the related prospectus supplement filed with the SEC on Nov. 14, 2016. Investors should consider the information in the base prospectus and in the prospectus supplement carefully before making any decision to participate in the rights offering. Copies are being sent to holders of record on the record date of Nov. 10, 2016. Requests for copies of these documents and questions from stockholders relating to the rights offering may be directed to the information agent, as follows:

Information Agent: Georgeson Inc.1290 Avenue of the Americas9th FloorNew York, NY 10104(866) 432-2791 overstock@georgeson.com

Source Capital Group, Inc. is acting as dealer-manager for the rights offering. Source Capital invites any broker dealers interested in participating to contact Source Capital's syndicate department at ostk@sourcegrp.com.

About Overstock.comOverstock.com, Inc. (NASDAQ:OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, rugs, bedding, electronics, clothing, and jewelry. Additional stores within Overstock include Worldstock.com, dedicated to selling artisan-crafted products to help developing nations around the world and Main Street Revolution, supporting small-scale entrepreneurs in the U.S. by providing them with a national customer base. Other community-focused initiatives include Farmers Market and pet adoptions.  Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock sells internationally under the name O.co and regularly posts information about the company and other related matters under Investor Relations on its website.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.

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