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Published on 12/17/2020 in the Prospect News Distressed Debt Daily.

NS8 gets approval of asset purchase agreements with Codium, Deduce

By Sarah Lizee

Olympia, Wash., Dec. 17 – NS8, Inc. secured court approval to sell substantially all of its assets to Codium Software, LLC and its intellectual property to Deduce, Inc., according to two orders filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

Codium has agreed to pay $250,000 for the assets, and Deduce has agreed to purchase the intellectual property for $85,000.

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


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