Last Mile Holdings Ltd. announced that it has received a Notification of a Public Disposition of Collateral by its secured debt holder. Due to the occurrence of various events of default under the secured notes, the company's secured debt holder provided a Notice of Acceleration and Demand for Payment under the notes on November 27, 2020. Pursuant to Section 9-610 of the Uniform Commercial Code, the secured debt holder has now issued a Notification of a Public Disposition of Collateral pursuant to which it has confirmed that it will sell, at a public sale, all of the collateral, consisting of all of the company's assets, to the highest qualified bidder. The secured debt holder will sell the collateral at a public disposition on December 29, 2020 which will be held by WebEx teleconference.