We actively take buyout offers on our assets on Otis. Here's an overview of how it works for our investors.
For Buyers, here's how buyout offers work on Otis:
Anyone can submit a buyout offer on Otis:
Once we receive a buyout offer, our team will calculate an Otis Estimate based on Recent Sales (public and private), what the asset for is trading on Otis, and expert opinions on pricing.
If we receive an offer to purchase the item at a significant premium, we will empower shareholders with a vote on the offer.
Note: If we receive an offer below the Otis Estimate, 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.
Once we accept a Buyout Offer, we will reach out to the buyer to conduct the following:
Sign a purchase agreement
Wire funds to Otis (which will be returned if the buyout offer is rejected)
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 accept 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: Otis 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 5pm EST cutoff.
Should this bidding result in a substantially higher “final” offer, we will communicate this increased offer to shareholders during the voting period.
If a Buyout Offer is accepted then our team will coordinate the following for the Buyer:
Final invoice (which includes the shipping cost)
Shipping to the Buyer
Enjoy your new asset!
Submitting an Offer
If you would like to submit an offer, you can do so through this link: