ViewRay files bid procedures for assets, seeks Sept. 14 auction

By Sarah Lizee

Olympia, Wash., July 24 – ViewRay, Inc. set the bid procedures for its assets, according to a motion filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The assets include, among other things, intellectual property, inventory, property and equipment, cash and cash equivalents, accounts receivable, and deposits on purchased inventory.

The company is seeking approval to choose a stalking horse bidder for the assets.

The deadline to choose a stalking horse would be 5 p.m. ET on Aug. 18.

The bid deadline would be 5 p.m. ET on Sept. 11, an auction would take place on Sept. 14, and a sale hearing would occur on Sept. 19.

B. Riley Securities is acting as investment banker.

Denver-based ViewRay designs, manufactures and markets MRIdian, a magnetic resonance image-guided radiation therapy system to simultaneously image and treat cancer patients. The company filed Chapter 11 bankruptcy on July 16 under case number 23-10935.

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