Shearman And Sterling

News Nov 13, 2017's $50 Million Registered Direct Warrant Offering

Shearman & Sterling represented Passport Capital in connection with's registered direct offering of a $50 million warrant to purchase up to 1.25 million shares of Overstock common stock. Overstock operates a web-based retail platform as well as a business division dedicated to investments in blockchain-related business, including its blockchain-based securities trading platform, tZERO. The Shearman & Sterling team was led by partner Chris Forrester (Menlo Park-Capital Markets); and associates Nathan Mee, Antonio Herrera Cuevas, Scott Lucas (all San Francisco-Capital Markets), Jeremy Cleveland and Yian Huang (both Menlo Park-Capital Markets).