Applied UV, Inc filed a motion in the US Bankruptcy Court for the sale of certain assets on July 8, 2024. The debtor seeks the Court?s approval for the sale of shares of Munn Works held by Applied UV to Mirror Acquisition Corp. for a purchase price of $0.75 million and Sterilumen?s ?replacement part?

division of its business to KES Technologies, LLC for a purchase price of $0.90 million. To qualify as a qualified bidder, interested parties should submit their bids by September 5, 2024. The initial minimum overbid should be in the amount of at least $0.93 million for the Sterilumen Assets and $0.78 million for shares of Munn Works.

The debtor has scheduled an auction on September 10, 2024. The stalking horse bidder would be entitled to an expense reimbursement of $0.03 million in case of termination of the asset purchase agreement. The sale hearing is scheduled for July 25, 2024.

KES Technologies, LLC is represented by Matt Thiry of Matt Thiry Law, LLC as its legal advisor.