LeBron James

‘03 Black Refractor BGS 9.5


Ezra Levine is the CEO of Collectable

Dear Investors,

We are writing to update you on the results of the 48-hour shareholder survey following the increased buyout offer on our LeBron James ‘03 Black Refractor BGS 9.5.

As you know, Collectable received a $160,000 buyout offer on our LeBron James ‘03 Black Refractor BGS 9.5 that IPO’d in December 2020 for $130,00 ($10/share).

Inclusive of Collectable’s equity interests in the offering and broker dealer transaction fees, Collectable would return approximately $11.69 net price per share, if shareholders accept the offer.

This represents a 16.9% return over the IPO price ($10/share) and a 17% net premium over last traded price on Collectable’s secondary market ($9.99).

On a share weighted basis, 66% decided to DECLINE the buyout offer.  As a result, we did not pass the acquisition offer to our advisory committee for review.

As a result, the offer has been declined and the asset will remain on Collectable’s secondary market. Trading will resume tomorrow at 12pm ET.

Thank you,

Ezra Levine

CEO, Collectable