The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of substantially all the assets of Cue Health Inc. on June 28, 2024. To qualify as a qualified bidder, interested parties should submit their preliminary bids by July 23, 2024. Trustee does not intend to conduct a live auction for the assets after the preliminary bid deadline set forth below.

Accordingly, any party interested in submitting an offer to purchase any of the assets should submit its highest and best offer for such assets by the preliminary bid deadline. If the Trustee receives a bid by the preliminary bid deadline that is not a qualified bid, the trustee may provide the bidder with the opportunity to remedy any deficiencies prior to the final bid deadline i.e., July 26, 2024. Each bid must be occupied with a good a faith deposit in the amount of 10% of the purchase price.

The sale hearing is scheduled for July 29, 2024.