Paddle8 – Intellectual Property and Intangible Asset Sale

Paddle8 – Intellectual Property and Intangible Asset Sale

Nevium has been retained as sales advisor and consultant to the Trustee with respect to the sale of the Debtor’s assets, pursuant to Sections 327(a) and 328(a) of Title 11 of the United States Code, Rule 2014 of the Federal Rules of Bankruptcy Procedure and Local Rules 2014-1 of the Local Bankruptcy Rules for the Southern District of New York.

We are moving through the bankruptcy process and will let you know when the details are available for viewing. Potential buyers will be able to bid on individual assets and/or the entire asset lot. The preliminary schedule is as follows:

Schedule (Auction has Ended)

July 6, 2020Data Room opens for those who have signed an NDA
July 17, 2020, 5:00pm EDTDeadline for submission to the Trustee of written offers containing all material terms and conditions, along with each bidder’s demonstration of ability to pay all cash, without contingencies
July 23, 2020, 11:00am EDTAuction has ended
July 30, 2020, 10:00am EDTTelephonic Bankruptcy Court hearing for consideration and approval of sale(s) of the Assets, to be conducted via the Court Solutions web application 
By August 3, 2020Closing of sale(s) of the Assets

Available Assets:

  1. Domain Names
    • 31 related domain names
  2. Website Architecture and Bidding Engine
  3. Social Media Accounts with consistent paddle8 handles
  4. Client and transaction database
  5. Trademarks
  6. iOS App

As authorized by the Bankruptcy Court, and as will be detailed in the sale Notice, the seller may adjourn or cancel the Auction and/or sale approval hearing without further notice, modify the sale procedures as she may determine to be in the best interests of the Paddle8 bankruptcy estate or to withdraw the sale at any time with or without prejudice, provided that such modifications shall not be materially inconsistent with the Court’s authorization of the sale process