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Public Notice of Auction: Ridgemont Outfitters, Inc.

B. RILEY ANNOUNCES AUCTION OF ASSETS OF RIDGEMONT OUTFITTERS, INC.

1. Offer Deadline. December 1st, 2020 at 5:00 pm Pacific Time.

2. NDA Deadline. November 10th, 2020.

3. Background. Ridgemont Outfitters was created to fill a void in the footwear market – the space between casual footwear and hiking boots. It’s offerings strike the perfect balance between shoes rugged enough for scaling the highest peaks and footwear that maintains a stylish look in an urban setting. Ridgemont’s footwear features it all without sacrificing style, comfort, or grip. Ridgemont boasts a variety of footwear in its collection including Heritage, Outback, Monty, and Hiking Boots.

Ridgemont is the subject of an assignment for the benefit of creditors.

4. Process Overview.

  1. The prospective Assignee will provide a form asset purchase agreement (“APA”) to interested parties who have executed a non-disclosure Agreement (“NDA”) by the NDA Deadline.
  2. Letters of Intent in the form of a redline to the APA (containing the additional information as may be required by the prospective Assignee) must be received no later than the Offer Deadline.
  3. The winning bidder will be selected and notified by the prospective Assignee on December 2nd.
  4. The selection of the winning bidder is in the prospective Assignee’s absolute discretion.
  5. The winning bidder must be prepared to close and fund the purchase by December 3rd.

5. Assets to be Sold. The prospective Assignee will sell all of the prospective Assignee’s rights in Ridgemont’s tangible and intangible property, including, but not limited to: Inventory, Customer Lists, Social Media Networks (Facebook, Instagram, YouTube), Branding Collateral (graphics and verbiage), Trade Secrets, Research and Development, and Marketing Materials.

6. More Information. Jonathan Wernick of B. RILEY FINANCIAL ADVISORY SERVICES. Phone: 213-409-6237 x1222 or email: [email protected], Advisor to the Prospective Assignee.

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