By Sheri Kasprzak
New York, May 8 - Overstock.com, Inc. wrapped a $16.8 million direct placement just days after closing a $25 million direct stock offering.
In the most recent deal, the company issued 700,000 shares at $24.00 each, a 7% discount to the company's $25.88 closing stock price on April 28.
The shares were sold under the company's shelf registration.
On May 3, the company issued 1,041,667 shares at $24.00 each to one investor.
Based in Salt Lake City, Overstock.com is a discount online retailer of books, music, movies and other products.
| Issuer: | Overstock.com, Inc.
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| Issue: | Stock
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| Amount: | $16.8 million
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| Shares: | 700,000
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| Price: | $24.00
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| Warrants: | No
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| Settlement date: | May 8
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| Stock symbol: | Nasdaq: OSTK
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| Stock price: | $23.99 at close May 8
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