[Held IRL]

I was most of the way to fleshing out a sub-$1 position when out of the blue today there's a fait accompli announced to acquire for $1.80 per share, with a choice of all cash, all scrip 1-for-1 in the private entity, or a mix of both. All major shareholders + the board appear to be on board, so seems like a done deal barring a bidding war.

Can't complain too much about the extremely quick windfall, but I don't know much of anything about holding shares in a private entity. Any war stories or experience folks can share on taking cash vs private scrip in this sort of situation?

Presumably the scrip option means ending up with shares you can only dispose of via off market private sale which sounds complicated? Or are there share-registry-like platforms which make transacting in private shares straight forward (but presumably with far less liquidity than on a public market)?