Motion to Sell Free and Clear of Liens OR Motion to Sell

Listing description

What the seller provided

Expedited Motion For Entry Of An Order (A) Establishing Bidding And Sale Procedures, (B) Scheduling Final Deadline To Submit Bids, And (C) Approving The Form And Manner Of Notice Thereof Fee $ 199, filed by Christopher R. Arthur on behalf of Storj Labs Inc. (Arthur, Christopher)Modified on 10/7/2026 (mrw). Motion to Sell Free and Clear of Liens OR Motion to Sell Case 26-62642-pwb Doc 189 Filed 10/05/26 Entered 10/05/26 16:09:31 Desc Main Document Page 1 of 19 UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF GEORGIA ATLANTA DIVISION In RE: ) ) STORJ LABS INC., ) Case No. Case 26-62642-pwb Doc 189 Filed 10/05/26 Entered 10/05/26 16:09:31 Desc Main Document Page 1 of 19 UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF GEORGIA ATLANTA DIVISION In RE: ) ) STORJ LABS INC., ) Case No. 26-62642-PWB ) Debtor. ) Chapter 11 ) EXPEDITED MOTION FOR ENTRY OF AN ORDER (A) ESTABLISHING BIDDING AND SALE PROCEDURES, (B) SCHEDULING FINAL DEADLINE TO SUBMIT BIDS, AND (C) APPROVING THE FORM AND MANNER OF NOTICE THEREOF Storj Labs, Inc., debtor-in-possession in the above-captioned case (the Debtor”) respectfully submits this Expedited Motion (the “Motion”) for entry of an order: (A) Establishing Bidding and Sale Procedures, (B) Scheduling Final Deadline to Submit Bids, and (C) Approving the Form and Manner of Notice Thereof. The Debtor intends to facilitate Debtor’s sale of two non-core assets identified as Valdi and Object Mount which are more particularly described below, free and clear of all liens, claims, interests, and encumbrances pursuant to 11 U.S.C. § 363(b) and 363(f), with valid liens attaching to proceeds in the same order of priority; and (D) granting related relief, including an expedited hearing. In support of this Motion, Debtor moves pursuant to sections 105, 363, 365 and 503(b) of title 11 of the United States Code (the “Bankruptcy Code”) and Rules 2002, 6004, 6006, and 9014 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”) for the entry of the following orders: (a) an order (the “Bidding Procedures Order”), substantially in the form attached: (i) approving proposed bidding and sale procedures (the “Bidding Procedures”) and related Bid Deadline (as defined below) in connection with the sale or sales (collectively, the “Sale Transaction”) of two of Debtor’s non-core assets (collectively, the “Assets”) described in detail below; Case 26-62642-pwb Doc 189 Filed 10/05/26 Entered 10/05/26 16:09:31 Desc Main Document Page 2 of 19 (ii) approving the date, and form and manner of notice, and related Sale Hearing (as defined herein), including the form and manner of notice attached hereto as Exhibit A (the “Notice”); and (iii) granting certain related relief as described herein; (b) entry of an order (the “Sale Order”): (i) authorizing the Sale Transaction, free and clear of all liens, claims and encumbrances; and (ii) granting such other relief as is necessary or advisable related to the foregoing. In support of this Sale Motion, the Debtor respectfully represents as follows: JURISDICTION, VENUE, AND STATUTORY PREDICATES 1. This Court has jurisdiction pursuant to 28 U.S.C. §§ 157 and 1334. This is a core proceeding. Venue is proper under 28 U.S.C. §§ 1408 and 1409. Relief is authorized under sections 105(a), 363, 503, and 507 of the Bankruptcy Code, and Bankruptcy Rules 2002, 4001, 6004, 9007, and 9014. INTRODUCTION 2. On July 26, 2026 (the “Petition Date”), the Debtor filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code, thereby commencing the Chapter 11 Case. The Debtor has identified two assets that are not necessary for the effective reorganization of the Debtor’s estate. The Debtor asserts that the sale of those two assets will generate cash proceeds to assist the Debtor with implementing its plan of reorganization. ASSETS TO BE SOLD 3. The assets to be sold (the “Assets”) consist of the following: 2 Case 26-62642-pwb Doc 189 Filed 10/05/26 Entered 10/05/26 16:09:31 Desc Main Documen

Record details

Sale date

May 27, 2027

Case #

26-62642

Court

United States Bankruptcy Court, N.D. Georgia

Official document

courtlistener.com/docket/74825726/189/storj-labs-inc/ ↗

Filing (PDF)

storage.courtlistener.com/recap/gov.uscourts.ganb.1305606/gov.uscourts.ganb.1305606.189.0.pdf ↗

Docket

courtlistener.com/docket/74825726/storj-labs-inc/ ↗

Attorneys

Alan Hinderleider, Shari Lynne Collias, Gregory D. Ellis, Christopher R. Arthur, Bruce Michael Jacobs

Case name

Storj Labs Inc.

Chapter

Chapter 11

Document description

Expedited Motion For Entry Of An Order (A) Establishing Bidding And Sale Procedures, (B) Scheduling Final Deadline To Submit Bids, And (C) Approving The Form And Manner Of Notice Thereof Fee $ 199, filed by Christopher R. Arthur on behalf of Storj Labs Inc. (Arthur, Christopher)Modified on 10/7/2026 (mrw).

Document number

189

Filed date

Oct 5, 2026

Judge

Paul W. Bonapfel

Law firms

Office of the United States Trustee, 362 Richard B Russell Federal Building; Lamberth Cifelli Ellis & Nason PA; Spilman Thomas & Battle; DOJ-Ust; Bruce Michael Jacobs

Page count

19

Parties

United States Trustee, Storj Labs Inc.

Trustee

Nistendirk, Robert L