On January 28, 2026, at 11:00 a.m. (CT) at the offices of Vedder Price P.C. (222 N. LaSalle St., Ste. 2600, Chicago, IL 60601) and virtually via Webex, Black Stag Lending, L.P. (“Secured Party”) will hold a public auction (“Auction”) pursuant to: (i) Section 9610, et seq. of the Revised Uniform Commercial Code as adopted under applicable law; (ii) that certain Loan and Security Agreement, originally dated as of November 14, 2023, by and between Aescape, Inc. (“Debtor”) and Secured Party, as assignee of Silicon Valley Bank (“LSA”); (iii) that certain Grant of Security Interest in Trademarks and Patents, dated as of December 11, 2025, by and between Secured Party and Debtor (“GSI”); and (iv) all other applicable documents concerning loans, financing, credit accommodations or other transactions by and between Secured Party (or its applicable predecessors in interest with respect to the LSA) and Debtor, in their original form and as amended, supplemented, or otherwise modified from time to time (collectively with the LSA and GSI, the “Financing Documents”).
COLLATERAL BEING SOLD: Secured Party will hold the Auction to offer for sale substantially all of Debtor’s presently owned and hereafter acquired rights, titles and interests in and to all of the following items (collectively, the “Collateral”): (i) goods, Accounts (including health-care receivables), Equipment, Intellectual Property, Inventory, contract rights or rights to payment of money, leases, license agreements, franchise agreements, General Intangibles (except as provided otherwise in the Financing Documents), commercial tort claims, documents, instruments (including any promissory notes), chattel paper (whether tangible or electronic), cash, deposit accounts, certificates of deposit, fixtures, letters of credit rights (whether or not the letter of credit is evidenced by a writing), securities, securities accounts, securities entitlements and all other investment property, supporting obligations, and financial assets, whether now owned or hereafter acquired, wherever located; and all of Debtor’s Books relating to the foregoing, and any and all claims, rights and interests in any of the above and all substitutions for, additions, attachments, accessories, accessions and improvements to and replacements, products, proceeds and insurance proceeds of any or all of the foregoing; and (ii) all of Debtor’s right, title and interest in and to (a) the trademarks, trademark registrations, trademark applications, and any and all goodwill associated therewith set forth on Schedule A to the GSI, (b) the patents and patent applications set forth on Schedule B to the GSI, in each case together with (c) all Proceeds (as such term is defined in the aforementioned Loan and Security Agreement) of the products and proceeds of such Marks and the Patents, (d) all of the goodwill of the businesses with which the Marks and Patents are associated, (e) any trademark or patent licenses, and (f) all causes of action, past, present and future, for infringement, misappropriation, or dilution of any of the Marks and/or Patents or licenses thereof or unfair competition regarding the same.
The Collateral will be sold in the sole discretion of Secured Party at Auction for cash and on other such commercially reasonable terms as Secured Party may determine in Secured Party’s sole discretion—including, without limitation, upon those terms and conditions further detailed in the Bid Procedures—on an “AS IS, WHERE IS BASIS, AND WITH ALL FAULTS” and without any express or implied representations or warranties whatsoever, including, without limitation, warranties of merchantability, quiet enjoyment or fitness for a particular purpose or as to the title, value or quality of the Collateral. Secured Party does not claim title to the Collateral being sold and disclaims any warranty of title, possession, quiet enjoyment, value or quality of the Collateral and the like in any sale. The Collateral will be transferred to the winning bidder via a Secured Party Bill of Sale or similar documentation that reflects the foregoing.
The Minimum Bid Amount is $25,880,000. The complete Bid Procedures and additional information regarding the Auction and Collateral are available from counsel to the Secured Party: David L. Kane, [email protected], Vedder Price P.C., 222 N. LaSalle St., Chicago, IL 60601. Interested parties may be required to enter into an NDA prior to receiving additional information.
The Bid Deadline is January 26, 2026, at 4:00 p.m. (CT). Prior to the Bid Deadline, parties interested in bidding at the Auction must submit a Qualified Bid and the Required Bid Documents to counsel for the Secured Party as noted above. If one or more Qualified Bids is timely received, the Auction will take place on January 28, 2026, at 11:00 a.m. (CT) at the offices of Vedder Price P.C. identified above and via WebEx. Winning bid(s) for any Collateral shall be made payable to Secured Party in U.S. dollars within two (2) business days of the Auction. All terms of the Auction and sale(s) are at the Secured Party’s sole discretion.
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