BUY OUT OFFER REJECTED
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 Manning, Favre, Marino | Game Used Jersey Basket.
As you know, Collectable received an offer to acquire our Manning, Favre, Marino | Game Used Jersey Basket for $55,000. The asset was offered on Collectable in March, 2021 for $50,000 ($10/share). The asset has been trading on Collectable’s secondary market, with last trade at $30,680 ($6.05/share).
Inclusive of Collectable’s equity interests in the offering and broker-dealer transaction fees, Collectable would return approximately $10.56 net price per share, if shareholders accept the offer. This represents a 5.6% return over the IPO price ($10/share) and a 74.54% net premium over the last traded price on Collectable’s secondary market ($6.05/Share).
On a share weighted basis, 64% opted to REJECT the buyout offer. The asset will continue to trade on Collectable’s secondary market!
All the best,
Ezra Levine
CEO, Collectable