NS8 establishes bid procedures for sale of substantially all assets

By Sarah Lizee

Olympia, Wash., Oct. 30 – NS8 Inc. is seeking court approval of the bidding procedures for the sale of substantially all of its assets, according to a motion filed Friday in the U.S. Bankruptcy Court for the District of Delaware.

The company is also seeking approval to enter into an asset purchase agreement.

NS8 said that, while it hasn’t received any formal offers, several parties have expressed interest in the assets.

Bids would be due by 5 p.m. ET on Dec. 3 and must state a cash purchase price and specify which assets the potential bidders wish to bid on.

An auction would be held on Dec. 7.

A sale hearing would be held on Dec. 9.

A hearing on approval of the bidding procedures is scheduled for Nov. 20.

NS8 is a cyber-fraud prevention company based in Las Vegas. The company filed Chapter 11 bankruptcy on Oct. 27 under case number is 20-12702.

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