On October 11, 2024 (the “Assignment Date”), Quadrata, Inc., a Delaware corporation (“Assignor”), made a General Assignment for the Benefit of Creditors (the “Assignment”) to Quad ABC LLC, a California Limited liability company, (the “Assignee”) pursuant to California state law.
Pursuant to the Assignment, Assignor transferred ownership of all of its right, title and interest in and to all of its tangible and intangible assets (collectively, the “Assets”) to Assignee for liquidation.
Quadrata, Inc. was a technology company which developed a web3 identity and compliance tool which enabled single-sign-on Know Your Customer and Know Your Business user onboarding and monitoring. According to Quadrata, privacy is protected as no personally identifiable information (“PII”) is stored on blockchain. Non-PII user identity attributes (e.g., Sybil-resistant unique identifier, country of residence, anti-money laundering risk score, etc.) can be queried on- and off-chain.
The Assignee is soliciting bids for the Assets, including IP supporting the KYC and KYB platform, trademarks (applications pending), and website. The bidding will open at $20,000. The Assets will be sold on an “as-is, where-is” basis.
The Assignee is conducting this sales process on an expedited basis, and interested parties are encouraged to contact the Assignee or its counsel for the bidding procedures no later than July 24, 2025.
Parties interested in the Assets should contact Michael Ozawa
([email protected]) at (213) 705-9339.
The Assignee has retained Lesnick Prince Pappas & Alverson LLP to serve as its counsel, and its contact information is below:
Lesnick Prince Pappas & Alverson LLP
Matthew Lesnick
[email protected]
Telephone (310) 396-0964
About Restructuring Solutions LLC:
Restructuring Solutions, LLC provides crisis management, restructuring, turnaround, bankruptcy, and wind up services to lower-middle market companies facing liquidity challenges.
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