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The Sale Hearing to consider approval of the Sale of Debtors' Assets will take place on July 10, 2023 at 10:00 a.m. (prevailing Eastern Time). A copy of the Notice of Stalking Horse Bid, Bidding Procedures, Auction, and Sale Hearing can be viewed here.
A copy of the Order (I) Approving Bidding Procedures, (II) Scheduling an Auction and a Sale Hearing, (III) Approving the Form and Manner of Notice Thereof, (IV) Establishing Notice and Procedures for the Assumption and Assignment and Sale of Contracts and Leases, and (V) Granting Related Relief can be viewed here.
A copy of the Notice of Designation of Successful Bidder and Cancellation of Auction can be viewed here.
A copy of the Order (I) Approving Asset Purchase Agreement, (II) Authorizing the Sale of Substantially All of the Debtors' Assets Free and Clear of All Encumbrances, (III) Authorizing the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, and (IV) Granting Related Relief can be viewed here.
The Debtors have established certain dates relating to the Sale:
The Bid Deadline is on June 21, 2023 at 5:00 p.m.(ET).
The Auction scheduled for June 28, 2023 at 10:00 a.m.(ET) has been CANCELLED.
The Sale Objection Deadline is June 21, 2023 at 4:00 p.m.(ET).
The Sale Hearing was held on July 10, 2023 at 10:00 a.m.(ET).
On February 16, 2023, each of the four Debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”). The cases are jointly administered under Case No. 23-10207 before the Honorable Thomas M. Horan, in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).
Debtor Case Number
Pure Power Technologies, Inc.
Stanadyne PPT Holdings, Inc.
Stanadyne PPT Group Holdings, Inc.
For additional information, please call (866) 967-0675 (U.S./Canada) or (310) 751-2675 (International) or click here to submit an email inquiry.
(1) Hearing originally scheduled for August 22nd; Adjourned to August 31st. (2) Meeting originally held on March 21st; Continued to April 28th; Continued pending receipt of additional documentation. (3) Hearing originally scheduled for 3:00 P.M; Changed to 2:00 P.M. (4) Hearing originally scheduled for March 14th; Adjourned to March 28th. Hearing cancelled on March 24th. (5) Hearing originally scheduled for March 23rd; Adjourned to March 28th. Hearing cancelled on March 24th.
United States Bankruptcy Court
District of Delaware
824 North Market Street
Wilmington, DE 19801
T: (302) 252-2900 http://www.deb.uscourts.gov
Stanadyne Claims Processing Center
222 N. Pacific Coast Highway, Suite 300
El Segundo, CA 90245
T: (866) 967-0675
Please file proof(s) of claim, if any, via US Mail or other hand delivery system. Facsimile and other electronic delivery methods are not acceptable. You must file an originally executed proof of claim. If you would like a copy of your claim returned to you as proof of receipt, please enclose an additional copy and a self-addressed postage-paid envelope.
Kathryn A. Coleman
Hughes Hubbard & Reed LLP
One Battery Park Plaza
New York, NY 10004-1482
T: (212) 837-6000
F: (212) 422-4726 https://www.hugheshubbard.com
Michael R. Nestor
Andrew L. Magaziner
Young Conaway Stargatt & Taylor, LLP
1000 North King Street
Wilmington, DE 19801-6108
T: (302) 571-6600
F: (302) 571-1253 https://www.youngconaway.com