CTN Holdings, Inc., et al.
Case Number:
25-10603
Notice of Sale by Auction:
On May 14, 2025 the court entered the Order Pursuant to Sections 105, 363, 364, 365 and 541 of the Bankruptcy Code, Bankruptcy Rules 2002, 6004, 6006 and 9007 and Del. Bankr. L.R. 2002-1 and 6004-1 (A) Approving Bidding Procedures for the Sale of Substantially all of the Debtors' Assets; (B) Approving the Debtors' Entry into Stalking Horse Agreement and Related Expense Reimbursement; (C) Approving Procedures for the Assumption and Assignment of Designated Executory Contracts and Unexpired Leases; (D) Scheduling an Auction and Sale Hearing; (E) Approving Forms and Manner of Notice of Respective Dates, Times, and Places in Connection Therewith; and (F) Granting Related Relief [Docket No. 171]. Links to important documents and dates are below:Bidding Procedures [Docket No. 178]
Notice of (I) Possible Treatment of Contracts and Leases, (II) Fixing of Cure Amounts, and (III) Deadline to Object Thereto [Docket No. 177]
Notice of Sale, Bidding Procedures, Auction, and Sale Hearing [Docket No. 176]
Debtors’ Motion for Entry of an Order Approving (I)(A) the Debtors’ Entry Into Stalking Horse Agreement and Related Expense Reimbursement and Break-Up Fee; (B) the Bidding Procedures in Connection with the Sale of Substantially All of the Debtors’ Assets; (C) The Procedures for the Assumption and Assignment of Executory Contracts and Unexpired Leases, (D) The Form and Manner of Notice of the Sale Hearing, Assumption Procedures, and Auction Results, and (E) Dates for an Auction and Sale Hearing; (II)(A) The Sale of Substantially All of the Debtors’ Assets Free and Clear of All Claims, Liens, Liabilities, Rights, Interests, and Encumbrances and (B) The Debtors’ Assumption and Assignment of Certain Executory Contracts and Unexpired Leases; and (III) Granting Related Relief [Docket No. 65]
Bid Deadline: May 23, 2025 at 4:00 p.m. (ET)
Auction: May 27, 2025 at 10:00 a.m. (ET)
Sale Hearing: June 2, 2025 at 2:00 p.m. (ET)
General Information:
On March 30, 2025, each of the seven 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. 25-10603 before the Honorable Thomas M Horan in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court").
For additional information, please call (888) 733-1416 (U.S./Canada) or (310) 751-2630 (International) or click here to submit an email inquiry.
Common Stock Notice
Important - Attention Direct and Indirect Holders of, and Prospective Holders of, Common Stock Issued by CTN Holdings, Inc., et al.:
Pursuant to the Final Order Establishing Notification and Hearing Procedures for, and Approving Restrictions on, Certain Acquisitions or Transfers of, and Declarations of Worthlessness with Respect to, Interests In the Debtors' Estates [Docket No. 111], the restrictions, notification requirements, and/or other procedures contained in the below notice apply to all transfers of, or declarations of worthlessness with respect to, common stock of the Debtors.
Important Dates, Deadlines & Documents Show All Dates
May 14, 2025
(11:00 a.m. ET)
May 14, 2025
(11:00 a.m. ET)
(2) Adjourned from April 30, 2025 and May 12, 2025.
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Debtors
Meeting of Creditors
The Meeting of Creditors pursuant to Section 341 of the Bankruptcy Code (the "Meeting of Creditors") was held on May 5, 2025 at 1:00 p.m. (Prevailing Eastern Time). Please view the Notice of Telephonic Section 341 Meeting [Docket No. 61] for additional information.
Telephonic Section 341 Meeting
Dial in: (844) 767-5651
Passcode: 5708250#
Rule 9001(5) of the Federal Rules of Bankruptcy Procedure requires that a representative of the Debtor appear at the Meeting of Creditors for the purpose of being examined under oath by a representative of the Office of the United States Trustee and by any interested parties that attend the meeting. Creditors are welcome, but not required, to attend the meeting. The Meeting of Creditors may be continued or adjourned by notice at the meeting, without further written notice to creditors.
Parties & Addresses
United States Bankruptcy Court
District of Delaware
824 North Market Street
3rd Floor
Wilmington, DE 19801
T: (302) 252-2900
http://www.deb.uscourts.gov
CTN Holdings, Inc. Claims Processing Center
c/o KCC dba Verita
222 N. Pacific Coast Highway, Suite 300
El Segundo, CA 90245
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.
Attorneys' Addresses
William F. Taylor, Jr.
Whiteford, Taylor & Preston LLP
600 North King Street
Suite 300
Wilmington, DE 19801
T: (302) 353-4144
https://www.whitefordlaw.com
CR3 Partners
T: (800) 728-7176
https://www.cr3partners.com
David W. Gaffey
Brandy Rapp
Daniel Vorsteg
Josh Stiff
Alexandra G. DeSimone
Chris Lano
Kathy McCruden
Whiteford, Taylor & Preston LLP
3190 Fairview Park Drive, Suite 800
Falls Church, VA 22042
T: (703) 280-9260
F: (703) 280-9139
https://www.whitefordlaw.com