VPX Sports seeks another extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., July 10 – Vital Pharmaceuticals, Inc., which does business as VPX Sports, is seeking another extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed Monday with the U.S. Bankruptcy Court for the Southern District of Florida.

Specifically, the company asked the court to extend the exclusive plan filing period through Sept. 1 and the exclusive solicitation period through Nov. 6.

The company has lined up a sale of its assets to Blast Asset Acquisition LLC, a subsidiary of Monster Beverage Corp. A hearing on approval of the sale is scheduled for Wednesday, and the sale is set to close by Aug. 3.

The company said the extension will allow the debtors to remain focused on closing the sale and will avoid the distractions that would result should the exclusive periods terminate.

The Pembroke Pines, Fla.-based maker of Bang energy drinks and other products filed Chapter 11 bankruptcy on Oct. 10, 2022 under case number 22-17842.

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