Subscribe to Our Newsletter
Monday June 27, 2022
Bitcoin (BTC) $21,100.00   Ether (ETH) $1,214.00
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
CryptoNinjas
Home Token Offerings/Listings

tZERO’s security token sale hits next phase after $100 million presale

Published by CryptoNinjas.net
03/01/2018
tZERO’s security token sale hits next phase after $100 million presale

Overstock.com’s blockchain tech subsidiary tØ (tZERO) today announced start of the subsequent sale period for its preferred equity tokens after raising $100 million in its pre-sale period from strategic purchasers at discounted prices.

During the main token sale period, rights to acquire tZERO tokens will be sold pursuant to Simple Agreements for Future Equity (SAFEs) at a fixed price of $10.00 per tZERO Security Token, subject to discounts and other concessions. U.S. investors will only be permitted to execute SAFEs and participate if they are accredited investors.

The next sale period will be facilitated by SaftLaunch, as well as StartEngine.com, a technology platform that permits tZERO to independently connect with prospective investors.

Howard Marks, CEO of StartEngine, said, “StartEngine is a leading platform built to help companies like tZERO launch regulated ICOs in the United States and Internationally. tZERO is leading the way for Security Tokens, and we are proud to support them.”

As of March 1st, 2018, tZERO has entered into executed SAFEs with approximately 1,100 purchasers for approximately $114.6 million USD worth of tokens, of which $100.6 million has been funded by the respective purchasers.

Overstock CEO and founder Patrick M. Byrne said, “I thank our early, strategic investors for sharing our vision to issue a preferred equity security token. Raising $100 million is no small task, and our team has worked tirelessly to conduct this offering in accordance with exemptions under the US securities laws. The opening of the Subsequent Sale Period is another step toward establishing a new paradigm in the capital markets through innovative technology. I welcome all of our new investors.”

tZERO initially commenced its offering on December 18, 2017. In connection with the commencement the next phase of token generation, tZERO has issued an amended, supplemented and restated private placement offering memorandum which supersedes all prior offering materials that investors have previously received. Investors that have executed a SAFE on or prior to March 1, 2018, may rescind their SAFE and receive a full refund of their investment, as described in the memorandum, through 5 pm EDT on March 8, 2018.

The symbol for the tZERO token, upon its inception, is expected to be TZRO and the token is to be ERC-20 or equivalent compliant. The size of the offering of the tZERO coin sale is $250 million with the option to upsize to $300 million in the event that there is sufficient market demand. The tZERO token will be a series of preferred equity of tZERO, with such terms, including with respect to the payment of dividends.

In November 2017, tZERO announced it would lead a new project intended to build out a platform to be in compliance under United States regulation for the trading of security tokens generated from ICOs.

Do note that participation in the offering and investments in tZERO are valid if made only through www.startengine.com and www.saftlaunch.com and no other channel.

17
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Alliance Investments plans to tokenize UK real estate on Tezos

10/29/2019
Alliance Investments plans to tokenize UK real estate on Tezos

Alliance Investments, a direct-to-developer real estate investment company, today announced its plans to tokenize £500 million of real estate projects across the UK over the next several years. The first project set for tokenization...

Read more

Ravencoin (RVN) added as third token on tZERO crypto app

08/20/2019
Ravencoin (RVN) added as third token on tZERO crypto app

tZERO, the blockchain technology company for capital markets, through its tZERO Crypto unit, announced today its plans to offer to investors using both iOS and Android devices the ability to trade Ravencoin (RVN) on...

Read more

Non accredited investor can now trade tZERO security tokens

08/12/2019
Tzeroblockchaindinasour

tZERO, the blockchain technology subsidiary of Overstock.com, announced today that its preferred equity security tokens (TZROP), which were issued in a private placement in August 2018, and which have been traded by accredited investors...

Read more

tZERO gets patent for tech enabling trading systems to be anchored on blockchain

08/06/2019
Tzerhl

tZERO, the blockchain technology subsidiary of Overstock.com, announced today it was awarded a patent by the U.S. Patent and Trademark Office for the Time Ordered Merkle Epoch (TOME) methodology. TOME is a base-layer technology...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Input Output launches suite of sidechains for Cardano blockchain

Input Output launches suite of sidechains for Cardano blockchain

06/20/2022
Crypto-custodian Hex Trust welcomes approval for Dubai crypto-asset license

Crypto-custodian Hex Trust welcomes approval for Dubai crypto-asset license

06/21/2022
Crypto payment processor CoinPaid increases capital reserves to 5M EUR

Crypto payment processor CoinsPaid increases capital reserves to 5M EUR

06/20/2022
Polygon DAO integrates DiD service to prevent hostile takeovers and whales

Polygon DAO integrates decentralized ID service to prevent hostile takeovers and whales

06/22/2022
Crypto-gold exchange Vaultoro lowers fees, increases withdrawal limits

Crypto-gold exchange Vaultoro lowers fees, increases withdrawal limits

06/23/2022
CoinLoan integrates crypto analytics platform Elliptic to guard users from threats

CoinLoan integrates crypto analytics platform Elliptic to guard users from threats

06/23/2022
SithSwap raises $2.65M to build next-gen AMM on StarkNet

SithSwap raises $2.65M to build next-gen AMM on StarkNet

06/23/2022
Blockchain data platform Chainalysis introduces 'Crypto Incident Response Program'

Blockchain data platform Chainalysis introduces ‘Crypto Incident Response Program’

06/22/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy