Certain assets of Spring Marketplace, Inc. (the “Company”) described below (the “Assets”) are to be auctioned at a public sale under UCC Article 9 by the secured lender Hoban Road Ventures LLC.
The Assets consist of substantially all of the personal property of the Company, including the Company’s technology platform, which enables payment connected marketing and rewards solutions for merchants, and certain intellectual property.
The time and place for the auction shall be as follows.
Additional information may be gained by contacting Bruce Mitchell at (415) 525-2854 or [email protected] on or before August 19, including certain auction participation procedures and how to attend in person or remotely.
If / when any interested parties contact us, they will be provided with additional information regarding certain auction or bid procedures that will be required including the requirement that interested bidders place a cash deposit of $50,000 to an escrow account held by a third party at least 5 business days prior to the auction.
Interested parties will also be given the opportunity to execute an NDA and gain access to materials or a data room that allow them to evaluate the Assets, including technical information regarding the platform. A more precise and detailed description of the Assets will also be included in the information provided.
Please note the following additional information regarding the auction:
DailyDAC™ is the oldest, most trusted, and most widely used provider of public notices of asset sales and case commencements, and other important notices involving companies in financial distress in the United States and Canada. DailyDAC™ public notices are used by bankruptcy trustees, chapter 11 debtors in possession, federal and state court receivers, and secured parties disposing of their collateral under Article 9 of the Uniform Commercial Code or other state law trust (and their respective auction firms, law firms, and other agents). Learn more.
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