Ample Liquidity to Fund Day-to-Day Operations During Court-Supervised Process
ORLANDO, FL & AUSTIN, TX, May 01, 2023 (GLOBE NEWSWIRE) — DeCurtis Corporation (DeCurtis or the Company), the leading provider of location and proximity enabled solutions in complex environments, has entered into an agreement with Invictus Global Management, its largest prepetition secured lender, on a sale transaction that will strengthen its financial position, obtain debtor-in-possession financing, address outstanding intellectual property-related claims, and best align the Company for future growth. This stalking horse bid will be subject to higher or otherwise better offers. As part of the agreement, and after evaluating a range of strategic alternatives …
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