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Investing.com -- tZERO has acknowledged receiving a letter from Beyond, Inc. (NYSE:BYON) requesting the blockchain company evaluate options to become publicly listed.
Alan Konevsky, tZERO’s Executive Vice President and Chief Legal & Corporate Affairs Officer, confirmed on X: "We have acknowledged to Marcus Lemonis the receipt of his letter to the tZERO board of directors. The board will be considering the merits of the proposal set out in the letter from Beyond."
The letter, sent by Beyond’s Executive Chairman and Principal Executive Officer Marcus Lemonis, suggested tZERO should explore becoming a listed company through an initial public offering, direct listing, or special purpose acquisition company on the New York Stock Exchange.
Beyond owns retail brands including Bed Bath & Beyond (OTC:BBBYQ), Overstock, and Buy Buy Baby, along with a blockchain asset portfolio that includes tZERO holdings. The company pointed to tZERO’s regulatory infrastructure and recent token offerings as factors supporting the timing for a public listing.
In the letter, Beyond highlighted tZERO’s position as one of two U.S. broker-dealers with SEC/FINRA-approved digital asset custody capabilities and end-to-end blockchain-based trading services. ICE, the parent company of NYSE, led tZERO’s most recent capital raise.
The letter requested tZERO’s board authorize due diligence for a NYSE listing, engage advisors to evaluate potential pathways, and launch investor outreach to validate valuation expectations.
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