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PUBLIC NOTICE OF UCC ARTICLE 9 SALE: Galena Qualified Opportunity Zone Business, LLC

NOTICE OF INTENDED DISPOSITION OF COLLATERAL

To whom it may concern, a UCC personal property sale pursuant to the provisions of article 9 of the UCC shall be conducted. PN2023, LLC will sell the following property (“Collateral”) owned by Galena Opportunity Fund LLC (“Galena”), in which PN2023, LLC holds a perfected priority security interest, to wit:

All of Galena’s right, title and interest in, under, or with respect to Galena’s management and/or membership interests in Galena Qualified Opportunity Zone Business, LLC, whether direct or indirect, whether legal, beneficial or economic, whether fixed or contingent, whether arising under the Galena Qualified Opportunity Zone Business, LLC operating agreement, under applicable law or otherwise as a member in and to Galena Qualified Opportunity Zone Business, LLC. The Collateral includes Galena’s interest in any rights to participate in the management and/or equity of Galena Qualified Opportunity Zone Business, LLC, Galena’s share of the profits, losses and capital of Galena Qualified Opportunity Zone Business, LLC, Galena’s Voting Rights and all of Galena’s rights in, to and under the Galena Qualified Opportunity Zone Business, LLC operating agreement, all proceeds (including claims against third parties), products, offspring, rents, revenues, issues, profits, royalties, income, benefits, additions and accessions to or of any of the foregoing, and all books and records (in whatever form or media, including without limitation computerized records, software and disks) relating to any of the foregoing.

The sale will be a public auction on January 31, 2024 at 11 am CST. Bids may be in person or by telephone. The auction shall take place at 10 South Broadway, Ste. 2000, St. Louis, MO, 63102 and interested parties who wish to bid on the Collateral may participate in person or by telephone by calling 1-877-304-9269 and then upon the prompt enter the code 0688565. The highest bidder, except for PN2023, LLC, which may credit bid up to the amount of its debt, shall make payment by wire transfer immediately after the sale and instructions shall be provided at the sale. The auction shall not be concluded until the highest bidder has paid for the Collateral. Should the highest bidder fail to pay for the Collateral, the next highest bidder shall be contacted and shall purchase the Collateral and so on until the Collateral has been sold.

The sale of the Collateral will be conducted in compliance with federal and state securities laws, including without limitation: (i) the purchaser’s representation that he, she or it is an “accredited investor” as defined in Regulation D under the Securities Act of 1933, as amended, and is acquiring the Collateral for investment purposes with no present view to a further distribution and (ii) acknowledgement by the purchaser that the Collateral is a restricted security, the further transfer of which is restricted unless registered or exempt from registration under state and federal securities laws. PN2023, LLC will make available upon request such information concerning the Collateral as is available. Any such information will be provided upon execution of a confidentiality agreement in a form acceptable to PN2023, LLC.

About DailyDAC

DailyDAC™ is the internet's 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, assignees for the benefit of creditors, auctioneers, and secured parties disposing of their collateral under 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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