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 Carl Yastrzemski ’60 Rookie Card Basket (2x).
As you know, Collectable received an offer to acquire the cards for $55,000 following Monday’s $39,500 IPO. Inclusive of Collectable’s equity interests in the offering and broker dealer transaction fees, the offer represented a 30.7% premium over the price investors paid on the IPO.
However, on a share weighted basis, 85% preferred to decline the buyout offer – and Collectable has rejected the buyer’s offer for the underlying asset on their behalf.
The asset is scheduled to begin trading on our secondary market on July 7th 2021 at 3pm ET. It will be open for Post-Only Bids & Asks 24/7, with order matching and continuous live trading during Power Hour (Monday-Friday between 3pm & 4pm ET).
All the best,
~ Team Collectable