BUY OUT OFFER ACCEPTED
Ezra Levine is the CEO of Collectable
Dear Investor,
We are writing to update you on the results of the 48-hour shareholder survey following the buyout offer on our Jayson Tatum | ’17 Panini Flawless RPA PSA 10.
As you know, Collectable received an offer to acquire our Jayson Tatum | ’17 Panini Flawless RPA PSA 10 for $55,000. The asset was offered on Collectable on March 10, 2021 for $46,000 ($10/share). The asset has been trading on Collectable’s secondary market and closed Wednesday at $46,000 ($10/share).
Inclusive of Collectable’s equity interests in the offering and broker-dealer transaction fees, Collectable would return approximately $11.52 net price per share, if shareholders accept the offer. This represents a 15.2% return over the IPO price ($10/share) and a 15.2% net premium over the last traded price on Collectable’s secondary market ($10/Share).
On a share weighted basis, 55% opted to REJECT the buyout offer. The asset will continue to trade on Collectable’s secondary market!
Thank you, and congrats to shareholders,
All the best,
Ezra Levine
CEO, Collectable