In advancing its effort to leverage company assets, Beyond has announced that its Commercial Strategies subsidiary has met the minimum target offering amount of $250,000 for its current Regulation Crowdfunding offering, leveraging designated assets of the Overstock retail operation. May 16 will be the early and final closing date.
As announced on April 24, Commercial Strategies sought to raise at least $250,000 by October 15, with a maximum offering amount of $1.2 million. The initiative’s goals included increasing Commercial Strategies’ capitalization and financial flexibility, creating a market for its tokenized digital securities, and boosting awareness of the Overstock brand. The plan also intends to establish a community of investors and others who would be closely involved with Overstock and its evolution.
Due to interest from certain investors, Commercial Strategies has decided to increase the maximum individual purchase amount from $4,000 per investor to $50,000.
According to Beyond, the move to the May 16 closing is subject to Commercials Strategies maintaining at least its minimum target offering amount of funded investment commitments.
