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Buyout Offer: Joe Montana RC

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Buyout Offer: Joe Montana RC
July 28, 2022
Claire Zhang

‍The Asset: Joe Montana RC

The card is considered to be Joe Montana's only recognized rookie card. Additionally, the card is graded PSA 10. Only 108 cards (0.6% of the total population presented to PSA) have received that grade from PSA.

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The Offer

‍$72,000, which would net investors $24.01 / share, representing a 140.1% gain to the drop value of $30,000 or $10.00 / share on 1/18/21. Compared to the last traded price at $21.00 / share, the offer represents a gain of 14.3%.

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The Data

The most recent sale for this card in a PSA 10 was on 7/21 for .$72k at PWCC. On 7/16 another copy sold for $73.2k at Goldin.

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These most recent sales, while a significant gain vs. the IPO price of this asset, are down from the all-time-high sale of $114k achieved in April of 2022 at PWCC.

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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 Sunday, July 31st at 5pm ET.

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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. If the buyout is rejected, we plan on migrating this asset to the Public.com platform as was previously announced.

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RESULT (8/1/22, 5pm ET):

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The offer was accepted. The results of investor feedback were 96.9% accept and 3.1% approve, weighted by shares.

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