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 vote following the Tiger Woods Sports Illustrated for Kids PSA 10 acquisition offer.
As you know, Collectable received an offer to acquire the Tiger Woods Sports Illustrated for Kids PSA 10 for $34,500 following January’s $23,500 IPO.
Inclusive of Collectable’s equity interests in the offering and broker dealer transaction fees, the offer represented a 36.7% premium over the price investors paid on the IPO.However, on a share weighted basis, 91% voted No – and so Collectable has rejected the buyer’s offer for the underlying asset on their behalf.
The card will now stay on the Collectable platform and will start trading on our secondary market shortly.
All the best,