Overstock Touts Voatz Blockchain Voting App as Solution to US Election Fracas
The comments come days before a ballot count marred in uncertainty.
The deal is part of Overstock’s plan to exit its blockchain-related investments.
On the Overstock-owned platform, TokenSoft customers will be able issue security tokens that retail and accredited investors can trade.
The company is exploring a number of options, including a SPAC merger, said tZERO VP of Investor Relations Michael Mougias.
“We remain bullish on blockchain technology but are changing the way we interact with these asset," said CEO Jonathan Johnson.
The plaintiff may now file an amended complaint against Overstock and former CEO Patrick Byrne.
The e-commerce firm is hoping to persuade a judge in the Utah District Court to throw out a class-action securities fraud lawsuit relating to the firm's security token dividend and its effect on short sellers.