Replies to post #21162 on Soupman Inc. (fka SOUPQ)

[Millions242]

This is what I found on the 8K on page 2

Shortly after the Petition Date, the Debtors a motion to sell substantially all of their assets to Soupman Lending, LLC, the Debtors’ postpetition lender, for a credit bid of $1,785,000. An auction was held pursuant to Bankruptcy Court-approved procedures and the winning bidder, Gallant Brands, LLC, was approved as the successful bidder by the Bankruptcy Court. The sale of substantially all of the Debtors’ assets closed on September 8, 2017.

https://seekingalpha.com/filing/3730782

[Millions242]

Court document, page 12

By the DIP Financing Motion, the Debtors request entry of interim and final
orders, authorizing the Debtors to enter into a DIP Credit Agreement with Soupman Lending,
LLC, in its capacity as DIP Lender. The DIP Facility consists of a $2,000,000 term loan with
$1,00,000 available upon entry of an interim order approving the DIP Financing. The DIP
Financing will be secured by a lien on all of the Debtors’ assets upon the terms outlined in the .......

https://www.pacermonitor.com/view/WVA74BQ/The_Original_Soupman_Inc__debke-17-11313__0019.0.pdf?mcid=tGEZDS