The US Bankruptcy Court gave an order approving the sale of certain assets of Hoku Corporation on December 20, 2013. The debtor has been authorized to sell its manufacturing facility in Pocatello, Idaho to JH Kelly, LLC, the highest bidder for a purchase price of $8.3 million in cash. In the event JH Kelly, LLC is not able to provide the full purchase price the trustee is authorized to sell the assets to the back-up bidder for $8.25 million.

The back-up bidder is a group of individual investors that includes Jayce Howell, Gary Olsen, and Edward Vecchiarelli.