Hey nsomni, did a little digging on whether CVR's are ever "tradeable". Turns out in some cases they are (sounds like it is more the exception than the norm though) It's a somewhat dated article but provides some additional info on CVR's which I found interesting ie. the qtrly update which indicates likelihood of achievement(s) https://www.forbes.com/sites/greatspeculations/2011/05/09/shadowy-shares-the-dark-side-of-contingent-value-rights/#24d3d8043343