This is a public record generated listing.

Business Assets of Multiple Companies

Please note that this listing has expired. To view active listings, please subscribe to one of our plans.
Add to Dashboard

Listing Information

Attachments

Business Assets of Multiple Companies



Minimum Price: $14,500,000.00


Other Item Info
Item #: nysbke_261303
Created: 09/25/2015
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Location: New York, New York
Sale Date: Mon. Nov 2, 2015
Seller Info
Jeffrey L. Cohen
Debtor's Attorney
1114 Avenue of the Americas
New York, NY 10036
(212) 479-6218
Bankruptcy Info
Case #: 1:15-bk-12596
Case Title: Quirky, Inc.
Court: New York Southern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of assets of Quirky, Inc. Wink, Inc.; and Undercurrent Acquisition, LLC Which includes:
• All IP Assets used in the Wink Business as set forth more fully in the Wink Agreement, including Copyright Rights, Software, Trademark Rights, Patent Rights, Documentation, Trade Secret Rights, Domain Names, Web Sites, and other proprietary rights (each as defined in the Wink Agreement);
• Except as specifically excluded in the Wink Agreement, all claims, causes of action, rights of recovery and rights of setoff owned by Wink, including chapter 5 causes of action to the extent such claims are against ongoing suppliers, ongoing customers or ongoing employees of the Purchaser and all infringement claims related to the Business;
• All rights and privileges under Assumed Contracts;
• All vested rights and privileges of the Debtors under or relating to any contracts or leases related to the Business that are not capable of being assumed and/or assigned under Section 365 of the Bankruptcy Code;
• All Tangible Personal Property owned by Wink or owned by Quirky and directly related to and used solely for the Business; and
• All goodwill and other intangibles owned by Wink.
• The Wink Stalking Horse Bidder is also considering acquiring the Quirky lease for the customer service facility located in Schenectady, New York, and will acquire certain tangible property located at the Schenectady Facility. The Debtors and the Wink Stalking Horse Bidder reserve the right to negotiate to modify the lease or arrange alternative occupancy arrangements with the Schenectady landlord prior to closing;
• The Purchaser is acquiring tangible personal property located at Quirky's facility located at 601 West 28th Street in New York City, as specified in the Wink Agreement (the "NYC FF&E" and, collectively with the tangible personal property located at the Schenectady facility, the "Additional Purchased Assets". The Debtors may request to exclude certain specific items from the NYC FF&E and the Wink Stalking Horse Bidder agrees to consider any such request in good faith and the parties shall agree upon an adjustment to the Purchase Price for the Additional Purchased Assets for any such excluded items.


Sale Location

Javascript is required to view this map.
1114 Avenue Americas
New York, NY, 10036

Additional Details

  1. Auction time: 10:00 A.M
  2. Hearing on November 5, 2015 at 10:00 a.m.
  3. Minimum bid: Sum of (i) the Stalking Horse Bid; (ii) the Bid Protections; and (iii) $150,000
  4. Bid deposit: 10% of proposed purchase price
  5. Bid deadline: October 29, 2015
  6. Objection deadline: October 29, 2015


Other Information

Terms and Conditions:

See Attached.


Subscribe to our free newsletters

* indicates required
Send me information about...
Choose the CaseFolder where you want to see this Deal, or create a new CaseFolder Lite.