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Assets of Pharmaceutical Company

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Assets of Pharmaceutical Company



Price: $8,000,000.00


Other Item Info
Item #: flmbke_1365366
Created: 09/26/2023
Category: Business Property > All Assets or Going Concerns > Pharmaceuticals & Biotechnology
Sale Date: None Set
Seller Info
Steven Berman
Debtor's Attorney
101 E. Kennedy Blvd., Suite 2800
Tampa, FL 33602
813-229-7600
Bankruptcy Info
Case #: 8:23-bk-04254
Case Title: Xspire Pharma, LLC
Court: Florida Middle Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of substantially all of assets of Legacy-Xspire, Holdings LLC (“LXH”), WraSer, LLC (“Wraser”) and Xspire Pharma, LLC (“Xspire”) (collectively, “Sellers”), which includes:

  • The Purchased Regulatory Approvals;
  • The Purchased Regulatory Documentation;
  • The Purchased Product Promotional Materials;
  • The Purchased Intellectual Property;
  • The Purchased Product Records;
  • The Transferred Inventory;
  • All machinery, furniture, furnishings, fixtures, equipment, replacement parts and accessories and other tangible assets of every type and kind used or useable by Seller, whether owned or, if (and only if) Buyer is assuming the related lease, leased by Seller, all contract rights (including any express or implied warranties) with respect thereto, and all maintenance records and other documents relating thereto;
  • All stationery, forms, brochures, art work, photographs, advertising materials, market research, product and service feedback, product and service reviews and focus group materials;
  • All telephone and facsimile numbers presently used or reserved for use by Seller in all telephone books and directories;
  • All of Seller’s files, books and records, documents, data, plans, proposals and other recorded knowledge;
  • All Accounts Receivable of Seller and its Affiliates outstanding on the Closing Date, including the Accounts Receivable as set forth on the Closing Balance Sheet Statement, but excluding Uncollected Execution Date Accounts Receivable;
  • All of the goodwill associated with Seller’s Product Business; and
  • Any other assets, properties, rights and interests of Seller and its Affiliates that are associated with, relate to or are used in connection with the Products or the Product Business (other than any Excluded Assets, including any Excluded Assets identified on the Closing Balance Sheet Statement designated as not being transferred to Buyer).

Assets are more described on the attached PDF.


Additional Details

Purchase Price: (i) Pay $8,000,000.00 to Seller, in cash, in immediately available funds; (ii) Issue to (or at the direction of) Plexus Fund IV-A, L.P., as collateral agent, on behalf of the Seller’s secured creditors (the “Collateral Agent”) one million (1,000,000) shares of common stock of Buyer (the “Shares”); (iii) Assume certain specific Assumed Liabilities; (iv) On the one year anniversary of the closing date, pay $500,000 to Plexus Fund IV-A,



Other Information

Terms and Conditions:

See Attached.


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