Cue Health Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on July 3, 2024. The debtor seeks the Court?s approval for the sale of its certain assets to the winning bidder at the auction to be conducted by Heritage Global Partners, Inc. The debtor?s assets include Non-Turn-Key Assets and, if necessary, the physical Turn-Key Assets. The debtor has scheduled an auction on October 1, 2024.

As compensation, HGP will charge each successful bidder its standard buyer?s premium of 19% and all the gross proceeds will be remitted to the Trustee except the expense reimbursement of $0.1 million to be retained by HGP. HGP shall remit to Trustee a sum in an amount equal to 3% percent of the first $3.5 million of gross proceeds collected and 5% percent of gross proceeds collected more than $3.5 million.