Cue Health Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on July 2, 2024. The debtor seeks the Court?s approval for the sale of its certain assets to Bryan Plonsky and Stephen Wolfe, for a purchase price of $0.08 million in cash, plus the Assumed Liabilities pursuant to the asset purchase agreement, dated July 2, 2024, along with good-faith deposit in the amount of $0.04 million. The debtor?s assets include certain of the equity of TrustedMedRx, LLC.

The transaction is expected to close on July 15, 2024. The buyer is represented by Adam Chodos of Chodos & Associates, LLC as its legal advisor.