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Notice of Public Auction Certain Intellectual Property and other Intangible Assets of Hylete Inc. a Delaware Corporation

Notice of Public Auction Certain Intellectual Property and other Intangible Assets of Hylete Inc. a Delaware Corporation

August 10, 2023 @ 11:00 am - 12:00 pm

By Order of Secured Creditor

UCC 9-610 Foreclosure Auction

The assets to be sold consist of the Intellectual Property and other intangible assets used in the business of Hylete, Inc. a Delaware Corporation, including patents trademarks, domain name, website, customer list (250,000 active customers), brand, goodwill and other intangibles

Details
Downloads & Info:
Payment Instructions:

  1. To Register: In order to receive a bidder number and participate in the Zoom Auction, Auctioneer must receive from Buyer no later than 24 hours prior to the auction by 11:00a.m. PDT on Wednesday, August 9, 2023 , each of the following:
    • A completed and signed copy of these Auction Terms and Conditions.
    • A $50,000 refundable deposit via ACH or wire transfer (instructions available upon request)
  2. Meeting will be conducted via Zoom only. Zoom link will be posted here prior to the auction [link coming soon] or upon email request.  Only registered bidders may bid at the auction. See #1 for instructions on how to register.
  3. Opening Bids: Auctioneer and Buyer both acknowledge that there will be minimum an opening bid of $500,000. With subsequent bids in increments of $25,000.
  4.  Purchases must be paid in full, no later than 12:00 noon Friday August 11, 2023, prior to the release of any items. Acceptable payment method: ACH or wire transfer    ONLY. No checks or credit cards will be accepted.    If purchases are not paid in full by 12:00 noon Friday August 11, 2023, the merchandise will be deemed abandoned and Buyer will lose any right, title or interest Buyer may have acquired and the merchandise shall revert and repossess to Auctioneer without further notice to Buyer and the transactions shall be null and void as to Buyer.

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