Nogin, Inc. filed a notice for the termination of the auction for the sale of its substantially all its assets on February 16, 2024. The auction was scheduled for February 20, 2024. Except for the plan sponsor?s stalking horse bid, no other qualified bids were received before the bid deadline.

Accordingly, the debtors, in consultation with the consultation parties, have cancelled the auction and selected the plan sponsor (or its designee as permitted under the equity purchase agreement) as the successful bidder.