PUBLIC NOTICE OF ABC SALE: Aerion Corporation

NOTICE OF SALE, BID PROCEDURES, AUCTION, AND SALE HEARING

PLEASE TAKE NOTICE that, on June 16, 2022, the Assignee, Joseph J. Luzinski (“Assignee”), as Assignee for the Benefit of Creditors of Assignors, Aerion Corporation, Aerion Technologies Corporation, Aerion Supersonic LLC, and Aerion Intellectual Property Management Corporation (collectively, the “Assignors”), filed with this Court his Motion for Entry of: (I) an Order Approving Bid Procedures; and (II) an Order (A) Approving the Sale of the Assignors’ Assets Free and Clear of Liens, Claims, Encumbrances, and Other Interests and (B) Granting Related Relief (the “Motion”).

PLEASE TAKE FURTHER NOTICE that the Assignee is seeking to sell all or substantially all of the Assignors’ assets (the “Assets”).

PLEASE TAKE FURTHER NOTICE that, on July 12, 2022, the Court entered the Order granting the Motion (the “Order”). Under the Order the Assignee is authorized to conduct an Auction with respect to the Sale of the Assets on September 16, 2022, at 9:00 a.m. EST (the “Auction Date”) via (i) a remote videoconference platform, such as Zoom, (ii) in-person at the law offices of Baker & Hostetler LLP located at 200 South Orange Avenue, Suite 2300, Orlando, Florida 32801, or (iii) at such other place and time as the Assignee shall notify all Qualified Bidders and the Lenders.

PLEASE TAKE FURTHER NOTICE THAT FAILURE TO ABIDE BY THE BID PROCEDURES MAY RESULT IN THE DENIAL OF YOUR BID. A written offer by a Qualified Bidder must be delivered so as to be received by no later than September 7, 2022, at 4:00 p.m. EST (the “Bid Deadline”) to: (1) the Assignee, Development Specialists, Inc., 500 West Cypress Creek Road, Suite 400, Fort Lauderdale, Florida 33309, Attn: Joseph J. Luzinski ([email protected]); and (2) counsel to the Debtors, Baker & Hostetler LLP, 200 South Orange Avenue, Suite 2300,  Orlando, Florida 32801, Attn: Elizabeth A. Green ([email protected]) and Andrew V. Layden ([email protected]). Instructions for how to submit a Qualified Bid can be found in the Order and the Bid Procedures.

The complete Order, including the Notice of Sale, Bid Procedures, Auction and Sale Hearing is accessible at: https://www.dsiassignments.biz/Cases/144

Any party interested in bidding on the assets of Aerion Corp. and its related companies should contact Joseph J. Luzinski at [email protected] or George E. Shoup III at [email protected] to obtain more information.

About DSI:

Development Specialists, Inc. (DSI) is one of the leading providers of management consulting and financial advisory services, including turnaround consulting, financial restructuring, litigation support, fiduciary services and forensic accounting. Our clients include business owners, private-equity investors, corporate boards, financial institutions, secured lenders, bondholders and unsecured creditors. For 45 years, DSI has been guided by a single objective: maximizing value for all stakeholders. With our highly skilled and diverse team of professionals, offices in the U.S. and international affiliates, and an unparalleled range of experience, DSI has built a solid reputation as an industry leader.