Cue Health Inc. filed a motion in the US Bankruptcy Court for the sale of substantially all its assets on June 20, 2024. The debtor seeks the Court?s approval for the sale of substantially all its assets to successful bidder. To qualify as a qualified bidder, interested parties should submit their bids by July 26, 2024, along with good-faith deposit in the amount of 10% of the bid price.

Debtor does not intend to conduct a live auction for the acquired assets after the preliminary bid deadline i.e., July 23, 2024. As a result, all bidders should submit their highest and best bids for any of the acquired assets by the preliminary bid deadline. The sale hearing is scheduled for July 29, 2024.