tZEROs ongoing security token offering (STO) will close tonight at 11:59PM, according to the company. The Overstock (NASDAQ:OSTK) subsidiary said there will be no extension to the offering. At the end of June, tZero had announced an extension of the offering which is hosted on StartEngine.
tZERO states that investors with fully executed Simple Agreements of Future Equity (SAFEs) have until 5 PM (EDT) Wednesday, August 8 to remit funds to tZERO. The company wants to bring greater efficiency and transparency to capital markets through the integration of blockchain technology.
Overstock will report quarterly earnings this Thursday (August 9th). At that time, the total amount raised and results of the offering will be shared.
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