Anyone can submit a buyout offer for an alternative asset on Public:
To submit a buyout offer, please email our team at alts@public.com. In your email, please provide us with your full name, the asset you’re interested in purchasing and your offered purchase price.
Once we receive a buyout offer, our team will run an FMV (Fair Market Value) analysis based on recent sales (public and private), current market cap on Public, and expert opinions on pricing.
If we receive an offer to purchase the item at a significant premium, we may empower shareholders to vote on the offer.
Note: If we receive an offer below our calculated FMV, we will reject the Buyout Offer. There is also a high chance that our investors will reject an offer that is not at a significant premium.
2 Once we agree to bring a buyout offer to shareholders, we will reach out to the buyer to conduct the following:
Sign a purchase agreement; and
Wire funds to Public (which will be returned if the buyout offer is rejected).
3. From there, we will share the buyout offer publicly with our community.
Shareholders will have 72 hours to vote yes/no on the buyout offer.
At the same time, we will review any counter-offers made, should someone from inside or outside our community wish to offer a higher price.
If a higher offer is made, we will allow the offering parties to bid against one another until the last day:
First 48 Hours: We will accept counteroffers (to buy at a given price, not an auction bid).
Last Day: Only final and best offers will be accepted until the 5 pm EST cutoff.
Should this bidding result in a substantially higher “final” offer, we will communicate this increased offer to shareholders during the voting period.
4. If a Buyout Offer is accepted, our team will coordinate the following with the buyer:
Final invoice (which includes the shipping cost);
Shipping to the Buyer; and
Confirm receipt of the asset.
5. Enjoy your new asset!
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.