NEW YORK, June 23, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced that the Series B Preferred Stock of Overstock.com, Inc. (OTCQX: OSTBP), an online retailer and advancer of blockchain technology, has qualified to trade its Voting Series B Preferred shares on the OTCQX® Best Market. Overstock.com upgraded the Series B Preferred shares to OTCQX from the OTCQB® Venture Market.
Overstock.com's Series B Preferred shares begin trading today on OTCQX under the symbol "OSTBP." U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Overstock.com's Common Stock continues to be listed on the NASDAQ exchange.
"We are pleased to welcome Overstock.com's Series B Preferred Shares to the OTCQX market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Trading on OTCQX will allow Overstock.com to provide investors a convenient method to trade its Series B Preferred Shares and access the company's news and financial disclosures."
"In December 2016, Overstock became the first firm in history to issue a blockchain-based SEC-registered public security. For various legal reasons, we had to simultaneously offer a conventional (i.e. non-blockchain based) version of this security. Having the non-blockchain component of Overstock's Series B Preferred Stock trading on OTCQX will provide additional visibility," said Overstock.com founder and CEO Patrick Byrne. "OTC Market Group's premier securities market is the best way to achieve that extra exposure."
About Overstock.com, Inc.
Overstock.com, Inc. (Common Shares (NASDAQ: OSTK) / Series A Preferred (Medici Ventures' t0 platform: OSTKP) / Series B Preferred (OTCQX: OSTBP)) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Worldstock.com, dedicated to selling artisan-crafted products from around the world. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website, http://www.overstock.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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SOURCE OTC Markets Group Inc.