By DailyDAC™  •  Issue #3  •  July 7, 2021

A curation of current, actionable deal flow intelligence using some proprietary sources, some public (but dispersed) data + a lot of spit & vinegar.

1. Rose Acre Farms, Inc. Egg farm. Mass Layoffs. Rose Acre Farms, Inc. will eliminate 94 positions in Monon, Indiana. For more information contact Rose Acre Farms, Inc. @ (812) 497-2557. Deal ID: 29528.

2. Avadim Health, Inc., case no. 1:21-bk-10883. Chapter 11 – 363 Motion Filed. Bid Deadline is 7/26/2021. Avadim Health, Inc., an Asheville, North Carolina-based health and wellness company, sells topical products made using a proprietary Bionome Engineered Platform. The company manufactures the Theraworx, Phuel, and Combat One brands. For more information contact Timothy P. Cairns of Pachulski Stang Young & Jones LLP @ tcairns@pszjlaw.com or (302) 652-4100, or SSG Capital Advisors. Deal ID: 29491.

3. Mg Branciforte Inc. Notice of Intended Bulk Sale of Assets under UCC 6-106. Located at 2907 State St, Carlsbad, CA 92008, this is an Italian restaurant that has been in business for about 30 years and that also operates under the name Caldo Pomodoro. The name and business address of the Buyer is Conaro Inc, a California corporation, 2907 State St., Carlsbad, CA 92008. The anticipated date of the bulk sale is 7/30/2021. For more information contact Gina Brancisorte @ (760) 720-9998. Deal ID: 29508.

4. Alex and Ani, LLC, case no. 1:21-bk-10918. Chapter 11 - Case Filing Indicates Impending Sale. The company, which filed chapter 11 on 6/30, is a jewelry retailer known for its one-size-fits-all wire charm bracelets. For more information contact Morton R. Branzburg of Klehr Harrison Harvey Branzburg LLP @ mbranzburg@klehr.com or (215) 569-3007. Deal ID: 29490.

5. The RealReal. Facility Closing. Luxury consignment house, TheRealReal will close its warehouse facility in Brisbane, California. Founded in 2011, the company has millions of shoppers and consignors online and in 17 retail locations across the U.S. For more information contact The RealReal @ (855) 435-5893. Deal ID: 29456.

6. OptiLeaf, Inc. Rating Agency Alerts/Other Signs of Distress. OptiLeaf, Inc. has filed a going concern opinion. The cannabis producer & hydroponic gardening center is based in Wichita, Kansas. For more information contact OptiLeaf, Inc. @ (855) 678-4532. 29433.

7. Landfill equipment – 240 lots. Secured Party Sale. Auction ends 7/12. For more information contact BCL Auctions @ (314) 429-4112 or click here. Deal ID: 29534.

8. 12 ReTech Corporation. Rating Agency Alert/Other Signs of Distress. A going concern opinion was recently filed for 12 ReTech Corporation. The software technology company is based in Phoenix, AZ. Deal ID: 29546.

9. Ohana Biosciences, Inc. Assignment for Benefit of Creditors Sale. Ohana was founded to develop a sperm biology platform that combines single-cell sequencing, cell surface profiling, and computational biology to analyze large libraries of genetic and molecular information from individual sperm cells. Through this, Ohana scientists applied these insights to product opportunities across reproductive health. Ohana was founded by Flagship Pioneering in 2016. Since that time, approximately $58.2 Million has been invested, a majority of which was from Flagship Pioneering. An additional $18.0 Million of senior secured notes was also infused into the company by Oxford Finance LLC. Ohana has 2 issued patents, and 25 patents pending. Qualifying parties (which meet the requirements established by the Assignee in its sole and absolute discretion) will be asked to prepare and submit binding Letters of Intent in the form of an executed Asset Purchase Agreement (an “APA”) substantially in the form to be provided by Gerbsman containing the required information set forth in the paragraph below. Such Letters of Intent must be received no later than Friday, July 9th at 5:00 pm Eastern Daylight Time (the “Offer Deadline”), or they may not be considered by the Assignee in its sole and absolute discretion. The Assignee anticipates rendering a decision shortly after the Offer Deadline and communicating such decision to the parties submitting Letters of Intent. Notwithstanding the deadlines set forth above, Letters of Intent may be presented to Gerbsman and the Assignee at any time during the due diligence period by email. For more information contact Steven R. Gerbsman of Gerbsman Partners @ steve@gerbsmanpartners.com or (415) 505-4991. Deal ID: 29488.

10. Studio City, CA fully leased office building (6,400 sq.ft.). Receivership sale. The building has direct access from Ventura Blvd, minutes from Red Line Metro and freeways. Newer construction. For more information contact Kidder Mathews @ (949) 415-7333. Deal ID: 29531.

11. Hello, LLC. Commencement of an Assignment for the Benefit of Creditors. An assignment for the benefit of creditors was filed for Hello, LLC, a marketing and engagement agency located in Chagrin Falls, Ohio. For more information contact Sherwood Partners Inc. @ (650) 282-3146. Deal ID: 29487.

12. Safran Electronics & Defense, Avionics USA LLC. Facility Closing. The company will close its facility in Costa Mesa, California. For more information contact Safran Electronics & Defense, Avionics USA LLC @ (949) 642-2427. Deal ID: 29454.

13. Avalon GloboCare. Rating Agency Alert/Other Signs of Distress. A going concern opinion was filed for Avalon Globocare Corp., a CellTech bio-developer based in Freehold, New Jersey. Deal ID: 29542.

14. Sunbeam Products Inc. Facility Closing. Sunbeam Products Inc. will close its facility in Bowling Green, Ohio. For more information contact Sunbeam Products Inc. @ (419) 662-2246 Deal ID: 29524.

15. Calgary 87% leased office and retail building (72,000 sq. ft.). Receivership sale. For more information contact Walsh Mannas of Avison Young @ walsh.mannas@avisonyoung.com or (403) 232-4381. Deal ID: 29533.

16. Staples Contract & Commercial LLC. Mass Layoffs. Staples Contract & Commercial LLC will eliminate 194 positions in Secaucus, New Jersey. For more information contact Staples Contract & Commercial LLC @ (508) 253-5000. Deal ID: 29460.

17. TeSoAria Vineyard & Winery, LLC. Receivership sale. 22.09 acres at 707 Hess Lane, Roseburg, Oregon is for sale. The initial asking price was $990,000 but was dropped to $795,000. 13.075 acres are planted in grape vines. Varietals include Pinot Noir, Kadarka, Gamey, Gewurtztaminer, Pinot Menuier, Chenin Blanc, Semillon, Blanc, Riesling & Viognier. Water rights to draw water from the South Umpqua River for irrigation. Total of 17,796 vines. For more information contact R.K. Short & Associates, Inc. @ (541) 343-3086 or click here. Deal ID: 29530.

18. Bucyrus Precision Tech Inc. Facility Closing. Automotive transmission manufacturer Bucyrus Precision Tech Inc. will close its manufacturing plant in Bucyrus, Ohio. For more information contact Bucyrus Precision Tech Inc. @ (419) 563-9950. Deal ID: 29522.

19. Mera Pharmaceuticals, Inc. Rating Agency Alert/Other Signs of Distress. A going concern opinion was filed for Mera Pharmaceuticals, Inc., a marine biotechnology company with offices in Las Vegas, Nevada. Deal ID: 29543.

20. Steel Parts Manufacturing, Inc. Mass Layoffs. Steel Parts Manufacturing, Inc. will eliminate 107 positions in Tipton, Indiana. For more information contact Steel Parts Manufacturing, Inc. @ (765) 675-2191 Deal ID: 29527.

21. Bone Biologics Corporation. Rating Agency Alert/Other Signs of Distress. A going concern opinion was recently filed for Bone Biologics Corporation, a developer of orthobiologic products based in Burlington, Massachusetts. Deal ID: 29544.

22. GenOn Energy Services LLC. Facility Closing. GenOn Energy Services LLC will close its facility in Avon Lake, Ohio. Deal ID: 29520. For more information contact GenOn Energy Services LLC @ (330) 233-4661.

23. IAC Greencastle, LLC. Mass Layoffs. IAC Greencastle, LLC (d/b/a International Automotive Components) will eliminate 93 positions in Greencastle, Indiana. For more information contact IAC Greencastle, LLC @ (248) 455-7000. Deal ID: 29526.

24. B2Digital, Inc. Rating Agency Alert/Other Signs of Distress. A going concern opinion was recently filed for B2Digital, Inc., a live sporting events company based in Tampa, Florida. Deal ID: 29545.

25. Franciscan Health. Mass Layoffs. Franciscan Health will eliminate 83 positions in Hammond, Indiana. For more information contact Franciscan Health@ (219) 932-2300. Deal ID: 29525.

26. OPW Engineered Systems. Facility Closing. OPW Engineered Systems, a designer of hazardous material systems, is closing its facility in Lebanon, Ohio. For more information contact OPW Engineered Systems @ (513) 870-3167. Deal ID: 29523.

27. DFA Dairy Brands Ice Cream, LLC. Mass Layoffs. DFA Dairy Brands Ice Cream, LLC will eliminate 176 positions Decatur, Indiana. For more information contact DFA Dairy Brands Ice Cream, LLC @ (260) 355-2268. Deal ID: 29529.

28. ILLSCO LLC. Plant/Facility Closing. Hardware & fastener manufacturer ILSCO LLC will close its manufacturing plant, which is located in Harrison, Ohio. For more information contact ILSCO LLC @ (513) 533-6245. Deal ID: 29521.

29. RDS Signs, Inc. Notice of Intended Bulk Sale of Assets under UCC 6-106. Located at 1388 Sunset Drive, Antioch, CA 94509, the d/b/a of the business is FASTSIGNS #65301. The anticipated date of the bulk sale is July 15, 2021. The name and business address of the Buyer is JP Signs Inc. 1388 Sunset Drive, Antioch, CA 94509. For more information contact Old Republic Title Co. @ (925) 687-8657. Deal ID: 29504.

30. Katerra, Inc. Mass Layoffs. Katerra Inc. will eliminate 169 positions. The building construction company is based in Jersey City, New Jersey. Deal ID: 29458.

31. Sunrise Acquisitions (Hwy 7) Inc. (d/b/a Unionvillas). Canadian Receivership. Sunrise Acquisitions (Hwy 7) Inc., the owner of the Unionvillas townhome development project in Markham, Ontario, was placed in receivership on June 9th. KingSett Mortgage Corporation, a lender to the company, requested the receiver. For more information contact KingSett ‘s law firm for the matter, Cassels Brock & Blackwell LLP @ (416) 869-5300. Deal ID: 29451.

32. Novartis Pharmaceuticals Corporation. Mass Layoffs. Novartis Pharmaceuticals Corporation will eliminate 186 positions in East Hanover, New Jersey. For more information contact Novartis Pharmaceuticals Corporation @ (862) 778-8300. Deal ID: 29459.

33. Gateway Logistics Technologies LLC. Facility Closing. Gateway Logistics Technologies LLC will close its facility. The trucking & logistics services company is based in Wilmington, California. For more information contact Gateway Logistics Technologies LLC @ (310) 736-0318.

34. Pulse RX Inc. & Family Pharmacy Clinic Inc. Canadian Receivership. Pulse RX Inc. and Family Pharmacy Clinic Inc., Woodbridge, Ontario-based companies which carry on business as a pharmacy focusing on servicing long term care and retirement residences, were placed in receivership on June 10th. For more information contact the Receiver’s counsel, Weisz Fell Kour LLP @ (416) 613-8280. Deal ID: 29450.

35. Senneca Holdings (d/b/a Simplex Isolation Systems). Facility Closing. A manufacturer of custom cleanrooms, the company will close its facility in Fontana, California. Deal ID: 29457.

36. Findit, Inc. Rating Agency Alert/Other Signs of Distress. Recently, a going concern opinion was filed for Findit, Inc., a content management platform with offices in Peachtree Corners, Georgia. For more information contact Findit, Inc. @ (404) 443-3224. Deal ID: 29434.

37. Multiple restaurants. Notice of Intended Bulk Sale of Assets under UCC 6-106. An unusually large number of restaurants in California just provided notice of an impending bulk sale. The notice identifies: Ocean’s Eleven, six Burger King locations (Store #s 4053, 5894, 6499, 9637, 10453 and 11596). The name and address of the buyer is Ashim Chopra and/or Assignee, 4866 Brewster Drive, Tarzana, CA 91356. The anticipated sale date is 7/20. For more information contact Capitol City Escrow, Inc. (916) 484-4950. Deal ID: 29505.