George L. Miller, as Chapter 7 Trustee filed a motion in the US Bankruptcy Court for the sale of ContraFect Corporation's substantially all its assets on January 12, 2024. To qualify as a qualified bidder, interested parties should submit their bids by February 29, 2024, along with good-faith deposit of 10% of the bid price. The debtor has scheduled an auction on March 6, 2024.

The sale hearing is scheduled for March 12, 2024.