Latest news with #TZROP
Business Wire
28-07-2025
- Business
- Business Wire
Beyond, Inc. Directs tZERO Board of Directors to Prioritize Specific Tasks to Capitalize on Present Market Conditions
MURRAY, Utah--(BUSINESS WIRE)--Beyond, Inc. (NYSE:BYON) (the 'Company'), owner of Bed Bath & Beyond, Overstock, buybuy BABY, and a blockchain asset portfolio, today announced that it has sent a follow-up letter to tZERO's management and Board of Directors urging it, as tZERO's largest equity holder, to take specific and prioritized actions to unlock value and capitalize on the present favorable market conditions. A Follow-Up Letter to tZERO Board of Directors: Dear Members of the Board of Directors, Further to the letter I sent last week, I want to double down on what I said, tZERO has all the foundational ingredients to lead the digital assets space in the U.S. The licenses, IP, and early market position are there. But now it's about execution. We believe the company is at a pivotal point. To unlock the full value and capitalize on the growing institutional and regulatory momentum, we need to move quickly and deliberately. As the largest equity holder of tZERO, here are the actions we strongly recommend and would like to see prioritized: File a shelf registration or consider leveraging Beyond as a public platform using its existing infrastructure. Either path can provide the flexibility needed for capital raises, M&A activity, and broader strategic execution. The goal is to create optionality and remove constraints to growth. Restructure the board by bringing in individuals with real operating and regulatory experience in digital assets. The current opportunity requires sharper, more specialized governance. Find global partners who can actively drive deal flow and contribute real-world assets to the platform and give them clear incentives to help grow it. That incentive needs to go beyond just unlocking the value of their own assets. It should include true upside: where their activity helps grow the ecosystem, they participate in the value creation of the platform itself. Advance the Layer 2 strategy, but only with partners who are ready to execute now. This must be tied directly to onboarding meaningful RWA volume and building usage from day one. Launch a full-scale marketing and PR initiative that elevates tZERO's public presence and clearly communicates the differentiated value of our technology stack, including the Proof platform and the MAP (Marketplace Asset Protocol) infrastructure. These are meaningful assets, and we need the market to know it. Convert TZROP into equity. As the largest TZROP holder, we see far more long-term value in exchanging our revenue rights for equity in the company. We believe that a conversion at fair value would simplify the cap structure, align incentives across stakeholders, and give the company significantly more flexibility to raise capital, pursue partnerships, and execute on its roadmap. This is a critical step toward creating clarity and momentum. Some of this may already be under discussion, and that's good. But we're urging you to take clear, visible action now. There's a moment here, and we don't want to look back and say we missed it. We're fully behind you, and we're here to help. Let's get moving. Best, /s/ Marcus Marcus Lemonis Executive Chairman, Beyond, Inc. About Beyond Beyond, Inc. (NYSE:BYON), based in Murray, Utah, is an ecommerce-focused retailer with an affinity model that owns or has ownership interests in various retail brands, offering a comprehensive array of products and services that enable its customers to enhance everyday life through quality, style, and value. The Company currently owns Bed Bath & Beyond, Overstock, buybuy BABY, and other related brands and websites as well as a blockchain asset portfolio. The Company regularly posts information and updates on its Newsroom and Investor Relations pages on its website, Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact, including but not limited to statements regarding our quarterly earnings reporting and timing thereof. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 25, 2025, and in our subsequent filings with the SEC.
Associated Press
06-02-2025
- Business
- Associated Press
tZERO to Fully Tokenize TZROP in March 2025 Utilizing Its Special Purpose Broker Dealer Digital Custody Services
TZROP's Upgraded Blockchain-Based Technology Rails Will Offer New Utility Features, including AI-Drives Analytics, and unlock future functionality; TZROP will be first digital asset security supported by tZERO's digital custody broker-dealer, one of only two in the US SALT LAKE CITY, UT / ACCESS Newswire / February 6, 2025 / tZERO Group Inc., a leader in technology solutions for capital markets, announces that its Series-A Preferred Equity Security (TZROP) will be fully tokenized in March 2025 and become the first digital asset security to be custodied by its Special Purpose Broker-Dealer, tZERO Digital Asset Securities, one of only two digital securities broker-dealer custodians in the US. The full tokenization of TZROP will unlock potential for future smart contract automation functionalities and will deploy new utility features at the time of TZROP's full tokenization, including issuer tools leveraging artificial intelligence (AI) data driven insights relating to TZROP's ownership structure, transactions and investor base, while maintaining data privacy. This tool set will form the backbone of tZERO's end-to-end digital asset security product offering for issuers looking to fully tokenize their capital tables in a way that introduces meaningful and actionable issuer and investor facing tools that prove the use case for tokenized and automated securities versus legacy book-entry systems dispersed across multiple databases and market participants. 'We are happy to confirm that we will deliver on our previously announced plans to fully tokenize TZROP,' said David Goone, tZERO's CEO. 'The new and upcoming TZROP utility features will be available to all issuers who tokenize with tZERO, with more utility for investors to follow.' tZERO plans to leverage the new upgradable technology powering TZROP to bring additional utility features to its investors in the future, which may include individual customer custodial wallets, on-chain KYC verification and accreditation or automated on-chain corporate actions, without sacrificing data privacy standards. 'Next month, we will take the next step forward on our journey of responsible innovation' states Alan Konevsky, Executive Vice President and Chief Legal & Corporate Affairs Officer of tZERO. 'As the regulatory landscape for digital assets positively evolves, including in view of new initiatives from the Administration and the SEC, we will continue to evolve our product offering for the benefit of issuers, end users and the marketplace.' TZROP was issued in a private placement in August 2018 and in January 2019, it illustrated how a private security can trade on the tZERO Securities ATS, a broker-dealer operated, continuous and automated marketplace. tZERO's flagship trading asset will be the first digital asset security to be traded on the tZERO Securities ATS. In connection with the full tokenization of TZROP and its transition to special purpose broker dealer custody, there will be a negative consent process for tZERO Securities customers, which will be explained by tZERO Securities in a direct communication to its customers. tZERO will announce the exact launch date in March 2025. For more information about tZERO and the full tokenization of TZROP, please see our FAQs. About tZERO tZERO Group, Inc. (tZERO) and its broker-dealer subsidiaries provide an innovative liquidity platform for private companies and assets. We offer institutional-grade solutions for issuers looking to digitize their capital table through blockchain technology, and make such equity available for trading on an alternative trading system. tZERO, through its broker-dealer subsidiaries, democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors. All technology services are offered through tZERO Technologies, LLC. For more information, please visit our website. About tZERO Digital Asset Securities tZERO Digital Asset Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. It is the broker-dealer custodian of all digital asset securities offered on tZERO's online brokerage platform. It operates in accordance with the SEC's statement, dated December 23, 2020, regarding the Custody of Digital Asset Securities by Special Purpose Broker-Dealers. Digital asset securities may not be 'securities' as defined under the Securities Investor Protection Act (SIPA)-and in particular, digital asset securities that are 'investment contracts' under the Howey test but are not registered with the Securities and Exchange Commission are excluded from SIPA's definition of 'securities"-and thus the protections afforded to securities customers under SIPA may not apply. More information about tZERO Digital Asset Securities may be found on FINRA's BrokerCheck. About tZERO Securities tZERO Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. It is the operator of the tZERO Securities ATS. More information about tZERO Securities may be found on FINRA's BrokerCheck. Digital asset securities, as well as any particular investment, may not be suitable or appropriate for everyone. Investors should note that investing or trading in securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, and no assurance of liquidity which could impact their price and investor's ability to sell, and possible loss of principal invested. There is always the potential of losing money when you invest in securities. There are also unique risks specific to digital asset securities, including, without limitation, fraud, manipulation, theft, and loss. Please see our disclosure library for more information. No Offer, Solicitation, Investment Advice or Recommendations This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security constitutes a recommendation to buy, sell, or hold that security or any other security. Nothing in this release shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this release constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this release should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this release, we have not taken into account the investment needs, objectives, and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this release by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible corrections. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances. Forward-Looking Statements This release contains forward-looking statements. In addition, from time to time, tZERO, its subsidiaries, or its representatives may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which is derived from currently available information. Such forward-looking statements relate to future events or future performance, including financial performance and projections; growth in revenue and earnings; and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as 'may,' 'should,' 'expects,' 'anticipates,' 'contemplates,' 'estimates,' 'believes,' 'plans,' 'projected,' 'predicts,' 'potential,' or 'hopes' or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including, without limitation: the ability of tZERO and its subsidiaries to change the direction; tZERO's ability to keep pace with new technology and changing market needs; performance of individual transactions; regulatory developments and matters; and competition. These and other factors may cause actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or their respective representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions. tZERO, its subsidiaries, and its representatives are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or its representatives might not occur.
