New rue21 Holdco, Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets remaining assets on May 6, 2024. The debtor seeks the Court?s approval for the sale of its certain assets through auction. To qualify as a qualified bidder, interested parties should submit their bids by May 24, 2024, along with good-faith deposit in the amount of 10% of the proposed cash component of the purchase price of the bid.

The debtor has scheduled an auction on May 28, 2024. The sale hearing is scheduled for May 31, 2024.