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Assets of Multinational Decarbonization Company

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Assets of Multinational Decarbonization Company



Price: $15,000,000.00


Other Item Info
Item #: debke_195112
Created: 12/17/2024
Category: Business Property > All Assets or Going Concerns > Alternative Energy
Sale Location: New York, New York
Sale Date: Mon. Jan 27, 2025
Seller Info
Joseph Mulvihill
Debtor's Attorney
Rodney Square 1000 N. King Street
Wilmington, DE 19801
302-571-6600
Bankruptcy Info
Case #: 1:24-bk-12794
Case Title: First Mode Holdings, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of substantially all of assets of First Mode Holdings, Inc., et al., (the “Sellers”), which includes:

  • The Assigned Contracts, subject to the Assigned Contract identification process set forth in Section 6.3;
  • All Transferred Intellectual Property;
  • All supplies and other inventories, including all raw materials, worksin- process, finished goods, packaging, supplies and parts used in the Business or produced in or by the Business, whether held at any location or facility of Sellers or owned by Sellers but in transit (the “Inventory”);
  • All equipment, machinery, vehicles and other tangible personal property, including office furniture and fixtures, computers, networking equipment, industrial equipment and supplies primarily used in the Business, whether owned or leased, and all Seller IT Assets that are listed on Schedule 1.1(f);
  • All physical or electronic copies of all personnel records (including those as required by applicable Law and those pertaining to, as applicable, performance, training history, job experience and compensation history, and for the three-year period immediately preceding the Closing) for the Transferred Employees, except where (A) the transfer or disclosure of such records is prohibited by applicable Law or (B) consent of the relevant employee is required by applicable Law but not given (the “Transferred Employee Records”);
  • All books and records, customer lists, customer credit information, supplier lists, product specifications, documents, copies of all accounting books and records (including any information relating to any Taxes imposed), any data and information (in whatever form maintained), in each case, that relates to the Business and the Purchased Assets or are required to fulfill any obligation under any Assigned Contracts (collectively, the “Business Records”);
  • Equity interests in First Mode Chile SpA, company organized under the laws of Chile (“FM Chile”);
  • To the extent transferable, the Permits of Sellers (including any applications that are in process) (i) used in the Business or (ii) required to conduct the Business or perform the Assigned Contracts;
  • All claims, rights or causes of action against third parties related to any of the Purchased Assets or the Assumed Liabilities (including all guaranties, warranties, indemnities and similar rights in favor of Sellers), including any rights, claims or causes of action arising under the Bankruptcy Code, in each case, whether arising by way of counterclaim or otherwise, and whether arising out of transactions occurring prior to, on or after the Closing Date; and
  • The assets listed on Schedule 2.1(a)(x).

Sale Location

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1271 Avenue of the Americas
New York, NY, 10020

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale Hearing Held on January 30, 2025.
  3. Bid Increment: $250,000
  4. Bid Deposit: 10% of the total purchase price
  5. Bid Deadline: January 20, 2025
  6. Last date to respond: January 2, 2025


Other Information

Terms and Conditions:

See Attached.


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