Auctions

25 Jun Secured Party Public Auction of Interest in the Collateral of
Integrated Endoscopy, Inc. – SALE POSTPONED

Opportunity to acquire a company that has developed a wireless arthroscopy platform.

Asset(s) Being Sold: Substantially all assets of the company

Situation Background: The Seller is the secured party holding control over the IE Assets, and now intends to sell the IE Assets to the highest and best bidder pursuant the rights granted to it by the Loan and Security Agreement entered into between the Seller and the Company, initially dated as of October 28, 2022, together with all amendments thereto (the “Loan Agreement”), and each of the other transactional documents executed in connection therewith by and between the Seller and the Company (collectively, the “Loan Documents”) through a public auction sale (the “Auction”) conducted in a manner consistent with Article 9 of the Uniform Commercial Code as enacted in the State of California (the “UCC”). The Seller reserves the right to participate in the Auction and to submit a credit bid to purchase the IE Assets, in its sole and absolute discretion, up to the full amount of its secured claim. The Debtor is conducting an Article 9 of the Uniform Commercial Code sale. Each Qualified Bid must have a value, as reasonably determined by the Seller, that is greater than or equal to the sum of three million dollars ($3,000,000) (the “Minimum Bid”). 

The nature of the business of the Company whose assets are being sold: Integrated Endoscopy, Inc. – NUVIS the world’s first and only wireless arthroscopy platform. Wireless arthroscope, wireless camera, and portable video tower

• Wireless 4K Arthroscope (single-use)
• Wireless Camera (reusable)
• Wireless Shaver (single-use)
• Portable Video Tower

Bid Deadline: SALE POSTPONED

Time/Date Sale: SALE POSTPONED

For Bid Procedures, Bids, and Questions

Each person or entity that desires to participate in the Auction (each, a “Prospective Bidder”) may submit a competing bid on the IE Assets, subject to the procedures set forth.  The Seller will consider bids for the IE Assets from all Qualified Bidders.  Any party interested in submitting a bid for the IE Assets should submit its bid and address any questions to the auction coordinator, Joseph Finn Co., Inc. (the “Auction Coordinator”):

Joseph Finn Co., Inc.

188 Needham St.

Newton, MA  02464

Attn: Ross Finn

(617) 964-1886

ross@josephfinn.com