Tix Corporation and Tix4Tonight, LLC filed a motion in the US Bankruptcy Court for the sale of substantially all their assets on November 10, 2021. The debtor seeks the Court's approval for the sale of substantially all its assets through auction. To qualify as a qualified bidder, interested parties should submit their bids by December 10, 2021, along with a deposit in the amount of $0.05 million.

The initial minimum overbid should be at least $0.05 million more than the initial purchase price. Bidding at the auction shall commence at the amount of the starting auction bid. The debtor has scheduled an auction on December 15, 2021.

At the auction, the subsequent bids would be in increments of $0.05 million. Qualified bidders are not entitled to any break-up fee or expense reimbursement. Seller is represented by Scott A. Griffin of Griffin Hamersky LLP.