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How does such buyback work? Like, for example, with retail shareholders - all the owners just wake up one day having their stocks exchanged for the money? What
by reisse 3y ago
How does such buyback work? Like, for example, with retail shareholders - all the owners just wake up one day having their stocks exchanged for the money?
What happens if you are not legally or contractually allowed to sell your Astra stock? E. g. you're in the process of bankruptcy, or your stock is used as a security deposit or margin for some contract?
What happens if Astra is not legally allowed to buy back stock from you? Like if some stock was owned by some Russian investment fund, which was later sanctioned? Should Astra request an OFAC license for the transaction?
- Vecr 3y agoIt gets replaced with dollars in your account. You don't have a choice. Maybe that's stupidly made illegal somewhere, but in most cases just don't touch the dollars afterwards.
- nonameiguess 3y agoI can't speak for Astra, but I worked for and held stock in a company that went private, and the way it worked was you were given a choice to either sell at the price proposed by the private party that was going to be the new owner, or you retained your shares but they would no longer be publicly tradeable. If you did nothing, the default was, yes, the shares would just disappear and be replaced in your account by cash. If you opted to retain, however, possibly because you were legally required to for some reason, have at it. You just own a thing you can't sell now. If the company ever goes public again in the future, then you can sell.