BUY OUT OFFER REJECTED
Ezra Levine is the CEO of Collectable
We are writing to update you on the results of the 48-hour shareholder survey following the buyout offer on our Sadaharu Oh ’77-’78 Japanese & English Signed Game Used Bat PSA/DNA GU 10.
As you know, Sadaharu Oh ’77-’78 Japanese & English Signed Game Used Bat PSA/DNA GU 10 for $25,000. The asset was offered on Collectable for $24,250 ($5/share). The asset has been trading on Collectable’s secondary market and last closed at $19,388 ($3.75/share), down 25% since IPO.
Inclusive of Collectable’s equity interests in the offering and broker-dealer transaction fees, Collectable would return approximately $4.40 net price per share following a positive survey of shareholders and decision by the Manager. This represents a -12% net return over the IPO price and a 17.33% net premium over last traded price on Collectable’s secondary market.
On a share weighted basis, 97% chose to REJECT the buyout offer. As a result, the Manager has declined the buyout offer. The asset will continue to trade on Collectable’s secondary market.
All the best,