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 Wayne Gretzky 1979 O-Pee-Chee PSA 9 acquisition offer.
As you know, Collectable received an offer to acquire the Wayne Gretzky 1979 O-Pee-Chee PSA 9 for $225,000 following December’s $67,000 IPO.
Inclusive of Collectable’s equity interests in the offering and broker dealer transaction fees, the offer represented a 213.8% premium over the price investors paid on the IPO.However, on a share weighted basis, 63% decided 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,