SEC Approves Overstock.com S-3 Filing to Issue Shares Using Bitcoin Blockchain
According to multiple sources close to Overstock, the U.S. Securities and Exchange Commission (SEC) has approved a S-3 filing for online retailer Overstock.com (NASDAQ: OSTK) to issue new publicly traded shares of the company on the Bitcoin blockchain.
An Overstock spokesperson declined to comment on the situation but said that the company would be issuing a formal statement in the next 48 hours.
Form S-3 is a securities registration form that gives companies a simplified process for issuing publicly traded securities. Unlike Form S-1, which is the comprehensive filing required for companies which plan to hold an initial public offering (IPO) of their stock, the S-3 is for companies that already have achieved a certain level of compliance with the Securities Exchange Act of 1934. Specifically, a company must have at least 12 months of properly filed reports with the SEC to be eligible to file an S-3.
https://bitcoinmagazine.com/articles/sec-approves-overstock-com-s-filing-to-issue-shares-using-bitcoin-blockchain-1449539558
Topic: [2015-12-07] Overstock.com S-3 Filing to Issue Shares Using Bitcoin Blockchain (Read 208 times)
December 07, 2015, 09:46:45 PM
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