DB CyberTech, a Delaware Corporation f/k/a DB Networks, Inc., a Delaware Corporation, Inc. (“DB CyberTech”), a cyber security company, has ceased operations and executed an Assignment for the Benefit of Creditors in favor of DB Cyber ABC, a limited liability company, as assignee (the “Assignee”) under California law on July 29, 2021. The Assignee intends to sell at auction all property of DB CyberTech as detailed below (the “Auction Assets”). All bids must be received by no later than 5:00 pm (prevailing Pacific time) on September 17, 2021.
Assets to be Sold:
The Auction Assets include all the Assignee’s right, title and interest in the following:
The assets are being sold in one lot, for cash. Bids must be accompanied by a refundable deposit in the amount of 10% of the offeror’s bid. The bid selected by the Assignee as highest and best will be notified with the balance of its offer to be paid within forty-eight (48) hours of notification. Bidders not being selected as the highest bid will have their deposits returned in full. All bids must be received by no later than 5:00 pm (prevailing Pacific time) on September 17, 2021. In the event the Assignee receives a qualified competing bid, an auction will be held on September 24, 2021. Only qualified competing bidders will be permitted to attend the auction.
Terms and Conditions:
The Auction Assets to be sold are being sold an “As-Is” and “Where Is” and with no express or implied warranties, representation, statements or conditions of any kind including but not limited to warranties of merchantability or fitness for a particular purpose are to be sold in accordance with the terms and provisions set forth above and in accordance with applicable law. The Assignee reserves the right to review and revise the terms of the sale. The Assignee reserves the right to cancel or postpone the sale.
Parties interested in information about the Auction Assets should contact the Assignee. The Assignee, in its sole discretion, will make a determination as to what offer will yield the best recovery to creditors.
DB Cyber ABC, as Assignee
Andrew Wagner, Manager
333 South Grand Avenue, Suite 4100
Los Angeles, CA 90071
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