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Buyout Offer: Daredevil #1

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Buyout Offer: Daredevil #1
Claire Zhang

The Asset: Daredevil #1

Daredevil #1 marks the first-ever appearance of the titular character, and with only 31 graded a CGC 9.6 (and only 2 graded higher), this specific copy is a true comic grail. With a recent cameo appearance in the latest Spider-Man movie, and rumors of a reboot on Disney+, Daredevil looks to soon re-enter the popular consciousness.


The Offer

$140,000, which would net investors $27.40 / share, representing a 174% gain to the drop value of $51,100 or $10.00 / share on 1/25/21. Compared to the last traded price at $19.45 / share on 4/25/22, the offer represents a gain of 40.8%.


Recent Sales

There were two sales of a CGC 9.6 Daredevil #1 in April 2021: one for $125k at Comic Connect, another for $150k at Heritage.


The $125k sale is a slightly closer comp, as a book with "off white to white pages" (like ours) vs. the $150k sale with "white pages".

The comic market has generally continued to trend upwards over the past year, therefore the two most recent sales may slightly discount the book's current value.


Submit Counteroffer: Open the asset in the app to submit your offer.


Trading has been placed on hold pending investor feedback related to the offer. We asked shareholders to provide feedback by Friday, April 29th at 5pm ET.

The Otis team will approve or reject the offer based on a number of factors, including shareholder vote, recent sales, and trading price on Otis. If the buyout is approved, investors will be eligible to receive a payout into their Otis cash account once the transaction is finalized.

RESULT (4/29/22, 5pm ET):

The offer was accepted. The results of investor feedback were 90.4% approve and 9.6% reject, weighted by shares.

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