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:

  1. 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.

  2. 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)

  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 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.

  4. 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

    • Confirm receipt

  5. Enjoy your new asset!

Submitting an Offer

If you would like to submit an offer, you can do so through this link:

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