If we receive an offer to purchase an asset at a significant premium to our estimated FMV (Fair Market Value), we may empower shareholders to provide feedback via a vote. Note that this feedback is nonbinding. Anyone can submit an offer to buy an asset. We will review and consider if it’s at a premium above both the current market cap on Public and recent sales of the same item in the market.
Votes will be weighted pro-rata, and we will generally approve a sale only if at least 50% of shares vote for a buyout to be approved. While shareholder feedback is an important input on whether we accept or reject a buyout offer, per the offering circular, we ultimately reserve the right to make the final decision on any buyout offers.
During voting, any prospective buyers can submit a counteroffer. You can submit a buyout offer directly by emailing us at firstname.lastname@example.org.
Brokerage services for US-listed, registered securities available on Public are offered by Open to the Public Investing, Inc., member of FINRA & SIPC, and a wholly-owned subsidiary of Public Holdings, Inc. Brokerage services for alternative investments available on Public are offered by Dalmore Group, LLC, member of FINRA & SIPC. Alternative investments are over-the-counter equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933. Dalmore Group, LLC and Open to the Public Investing, Inc. are not affiliated entities.