Hillair Capital Advisors LLC entered into an asset purchase agreement to acquire assets of Scoobeez Global, Inc, Scoobeez Inc. and Scoobur LLC for $9 million on September 11, 2019. The transaction is subject to Bankruptcy court approval and expected to close on November 1, 2019. Ashley M. McDow and John A. Simon of Foley & Lardner LLP acted as legal advisor to Scoobeez Global. Adam H. Friedman of Olshan Frome Wolosky LLP acted as legal advisor to Hillair Capital. David L. Neale and John-Patrick M. Fritz of Levene, Neale, Bender, Yoo & Brill L.L.P acted as legal advisor to Official Committee of Unsecured Creditors. Armory Securities, LLC acted as financial advisor to Scoobeez Global, Inc, Scoobeez Inc. and Scoobur LLC. Hillair Capital Advisors LLC cancelled the acquisition of assets of Scoobeez Global, Inc, Scoobeez Inc. and Scoobur LLC on September 11, 2020.