This is a public record generated listing.
Subscription Right and Corporate Control for Sale
Listing Information
Attachments
Subscription Right and Corporate Control for Sale
Price: $25,000.00
Other Item Info
Item #: utbke_395917
Created: 05/04/2017
Category: Business Property > Intellectual Property > Other
Sale Date: None Set
Created: 05/04/2017
Category: Business Property > Intellectual Property > Other
Sale Date: None Set
Seller Info
Jeffrey L. Trousdale
Debtor's Attorney
111 E. Broadway, 11th Floor
Salt Lake City, UT 84111
801-363-4300
Debtor's Attorney
111 E. Broadway, 11th Floor
Salt Lake City, UT 84111
801-363-4300
Bankruptcy Info
Case #: 2:16-bk-21223
Case Title: Pacific WebWorks, Inc.
Court: Utah Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Pacific WebWorks, Inc.
Court: Utah Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of Subscription Right and Corporate Control, described as below:
- A right to subscribe for the seller common stock shares in such an amount that upon the issuance of the newly issued shares, Purchaser will own 96% of the shares of the seller common stock then issued and outstanding; and
- Control of the seller corporate structure, including the authority to appoint a new board of directors and amend the seller Articles of Incorporation.
Financial Overview
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