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Updates on Otis Integration with Public.com

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Updates on Otis Integration with Public.com
Claire Zhang

Since we announced that Otis was joining forces with Public.com, the team has been hard at work finalizing the details of our integration, and we have some further updates to share:

- We’ve recently finalized the list of which assets will be migrating over to the Public platform. This list is based on a variety of factors including market cap, ongoing investment case, and expected demand on Public. All other assets will be sold and proceeds distributed pro rata to shareholders. Scroll down to the end of this post to see the asset-by-asset details.

- Trading for any non-migrating assets (i.e., the assets being sold) will be paused at market close on Friday, July 8th. This will ensure that no assets are open for trading while up for auction.

- Trading for any assets migrating to Public will remain open until approximately 2 weeks prior to the migration over to the Public platform. We will communicate more details on a firm date as we get closer, but we expect trading to pause for these assets later in July or in early August.

- Proceeds for any sold assets will be paid out to shareholders via the Otis app to shareholders’ cash accounts. The distribution of proceeds will take place on a rolling basis as assets are sold. That said, we expect all proceeds to be paid and the Otis app to be shut down sometime in Q4 2022.

- Any investors with shares of assets migrating to Public will need to open a Public account to buy or sell their shares. New Public users can go here and get between $3 and $300 in free stock when they fund their account.

- Please note, shareholders’ migrating Otis holdings will only be visible in the Public app after trading for migrating assets pauses on Otis and the assets are fully migrated over to Public. More details to follow on exact timing.

Assets Migrating to Public.com (in alphabetical order)

1st Edition Charizard

Air Jordan 1 TYPS PE

Banksy

Chromie Squiggle #2241

Cristiano Ronaldo RC

CryptoPunk #2142

CryptoPunk #543

Daniel Arsham

Fewocious

Giannis Antetokounmpo RPA

Giant Size X-men 1

Harry Potter Book

Hermès Birkin

Katherine Bernhardt

Kehinde Wiley

Lebron James SP Authentic

Lionel Messi RC

Luka Doncic Mojo Prizm RC

Mike Tyson’s Punch-Out!!

Murakami x Abloh

Nintendo World Championships

Shattered Backboard AJ1

Stephen Curry RC

Super Mario Bros.

The Incredible Hulk #181

Tom Brady RC

Tracey Emin

XCOPY

A note on Sneaker Assets:

Our current plan is to merge all sneaker assets (excluding game-worn or signed pairs) into a single collection and migrate this new collection to the Public platform. Shareholders of any of these assets, as of the date we pause trading for migrating assets, will receive shares in this new, merged collection proportional in value to their existing holdings (based on our internal FMV calculations of each existing asset). We expect there to be no tax implications for shareholders on account of this merging of assets. Given that this new, merged collection requires an updated filing with the SEC, we do expect there to be some additional delays between when trading of sneaker assets is paused on Otis and when it reopens on Public. More details on exact timing to follow.

Assets Being Sold (in alphabetical order) 

Where possible we’ve also included where the asset will be sold, as well as the date of the auction. We will continue to update this list with dates as they become available.

1987 Fleer Michael Jordan - Goldin Auctions (September 11)

Allen Iverson RC - Goldin Auctions (Sold August 6)

Anthony Davis RPA - Goldin Auctions (August 20)

Blastoise - Goldin Auctions (Sold August 6)

Chromie Squiggle #524 - Sold via OpenSea

Cleon Peterson - Phillips

Contra - Heritage Auctions (August 30)

Derrick Adams - Phillips (September 28)

Dwayne “The Rock” Johnson RC - Goldin Auctions (August 20)

Fantastic Four #52 - Heritage Auctions (September 8th)

Felipe Pantone - Artsy (Sold August 4)

First Generation iPod - RR Auctions (August 18)

Floyd Mayweather Jr. RC - Goldin Auctions (August 20)

Golf NES - Heritage Auctions (Sold August 5)

Grimes NFT Collection - OpenSea

Halo: Combat Evolved 9.8 / A - Heritage Auctions

Julius Erving RC - Goldin Auctions (Sold August 6)

Katherine Bradford - Phillips (September 28)

Kawhi Leonard RPA - Goldin Auctions (September 11)

KAWS - Phillips (September 28)

Kevin Durant Debut Jersey - Goldin Auctions (Sold August 6)

Kevin Durant RC - Goldin Auctions (August 20)

Kevin Durant Warriors Jersey - Goldin Auctions (September 11)

Kobe Bryant Last Game Ticket - Goldin Auctions (Sold August 6)

Kobe Bryant RC - Goldin Auctions (August 20)

Kylian Mbappe RC - Goldin Auctions (September 11)

Lebron James RC - Goldin Auctions (September 11)

Lebron James RPA - Goldin Auctions (Sold August 6)

Lebron James SP Auto RC - Goldin Auctions (September 11)

Lionel Messi Campeon RC - Goldin Auctions (August 20)

Lionel Messi Green Prizm - Goldin Auctions (September 11)

Magic Johnson Sneakers - Goldin Auctions (Sold August 6)

Magic Johnson Topps Card - Goldin Auctions (September 11)

Mario Kart 64 - Heritage Auctions (September 29)

Meebit #12536 - OpenSea

Metroid NES - Heritage Auctions (September 29)

Mewtwo - Goldin Auctions (August 20)

Michael Jordan SP Gold - Goldin Auctions (September 11)

Mike Trout RC - Goldin Auctions (August 20)

NBA Emerging 15 Index - Goldin Auctions (August 20)

NBA Jam 9.8 A++ - Heritage Auctions (September 1)

Original Apple iPhone - RR Auctions (August 18)

Otis x fnnch - Artsy (Sold August 4)

Otis x MSCHF - Phillips (September 28)

Otis x Shelby and Sandy - Phillips (August 4) - Did not hit reserve

Patrick Mahomes RP - Goldin Auctions (September 11)

Pokemon Blue - Heritage Auctions (August 30)

Pokemon Yellow - Heritage Auctions (September 29)

Pokemon Red - Heritage Auctions (September 29)

Raichu - Goldin Auctions (August 20)

Russell Wilson Signed RC - Goldin Auctions (September 11)

Serena Williams Preview RC - Goldin Auctions (August 20)

Special Marvel Edition #15 - Heritage Auctions (September 8)

Street Fighter Collection - Heritage Auctions (Sold August 6)

Super Mario Bros. 3 - Heritage Auctions (September 29)

Super Mario Land - Heritage Auctions (August 30)

Supreme Skateboards - Heritage Auctions (Sold August 3)

Supreme Skateboards II - Heritage Auctions (Sold August 3)

Tetris Collection - Heritage Auctions (September 29)

The Amazing Spider-Man #129 - Heritage Auctions (September 8)

Tiger Woods SP Auto RC - Goldin Auctions (September 11)

Tomb of Dracula #10 - Heritage Auctions (September 8)

Venusaur - Goldin Auctions (Sold August 6)

Yu-Gi-Oh Blue Eyes - Goldin Auctions (Sold August 6)

Zelda II - Heritage Auctions (September 29)

Zion Williamson RC - Goldin Auctions (September 11)

Should you have any questions, please contact our support team at support@otiswealth.com.

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