Symbiont.io, a financial technology company that utilizes blockchain solutions, is soliciting offers for a sale of its assets. The assets to be sold in the liquidation process include all intellectual property, technology and physical equipment of the company. Interested parties are encouraged to submit bids by 5 p.m. EDT on May 18.
New York-based Symbiont.io filed for bankruptcy protection on Dec. 1, 2022, in the U.S. Bankruptcy Court for the Southern District of New York. In addition, last March, the company retained Huron Consulting Services and appointed Laura Marcero, a managing director at Huron, to the role of chief restructuring officer. Marcero is permitted under her order of appointment to consummate the sale and is currently accepting bids, with the sale likely to be finalized by early June, according to the company.