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Internet Retailer, Overstock, Completes OSTKO Digital Dividend Distribution to Use on

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#1
▪ Overstock successfully completes its “digital dividend” despite an ongoing court battle.
 ▪ The dividend was distributed in OSTKO tokens and will only be available to be traded within its own tZero crypto exchange platform.
 ▪ The U.S. based internet retailer faces a lawsuit on possible damages the dividends distribution action may have had.

In a statement from Overstock, the company completed the first blockchain-based stock dividend offering to its Digital Voting Series A-1 Preferred Stock (“Series A-1”) owners. The dividend was distributed in a ratio of 1 OSTKO token to every 10 OSTK preferred security tokens owned as of April 27th, 2020. This becomes the first of its kind in the blockchain field aiming to boost the liquidity of its base exchange, tZero. A total of 4.37 million OSTKO tokens were distributed.

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