Persistent NAV Discount
Market prices may not fully reflect underlying balance sheet value
Limited Exit Options
Strategic buyers rarely focus on smaller
companies
Ongoing Cash Burn
Public company costs erode capital when growth catalysts are unclear
Illiquid Shareholder Base
Thin trading liquidity limits shareholder exit opportunities
Stay Listed
Ongoing compliance costs, declining strategic options
Seek a Buyer
Strategic interest is low and rare; process is
long and uncertain
Wind Down Assets
Disorderly, tax-inefficient, difficult to achieve fair value for shareholders
Reverse Merger
Introduces unknown counterparty risk; board and shareholder approval is complex and uncertain
For The Board
A Friendly, Board-Supported Process
All-stock merger. No cash required.
60 to 90 days from term sheet to close.
We handle SEC filings and proxy process.
Minimal disruption to operations.
For Shareholders
Immediate
Value
Premium to current market value at announcement.
Shares in a NAV-backed, cash-rich platform from day one.
Converts a thinly traded position into a dynamic platform.
Transparent asset backing provides a downside floor.
Long-Term
Upside as an
Altuva Partner
30%+ IRR target investment strategy.
NAV per share compounds as the portfolio scales.
Market premium expands as track record builds.
Co-investment with global institutional investors.
30%+
Limited Exit Options
Stay Listed







