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Take and realize losses.
After a delisting, the only remaining options are a squeeze-out at an unknown price or being stuck with the shares on the OTC market.

Then it is better to take the guaranteed €5.33 instead of possibly nothing at all on the OTC market or less
Getting more in a squeeze-out than in a takeover bid is like playing the lottery...
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@Staatsmann Thank you for the quick response.
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@Nosferatu Depending on which broker you have no choice anyway. I had accepted the offer at the time but Trade Republic just didn't itch and they didn't do anything
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@Soprano However, it is also possible that the offer for the severance payment was limited. Then it can no longer be executed. :)

As a rule, something like this is limited to X shares.