Hillair Capital Advisors LLC entered into an asset purchase agreement to acquire assets of Scoobeez Global, Inc, Scoobeez Inc. and Scoobur LLC for $9 million on September 11, 2019. The transaction is subject to Bankruptcy court approval and expected to close on November 1, 2019. Ashley M. McDow and John A. Simon of Foley & Lardner LLP acted as legal advisor to Scoobeez Global. Adam H. Friedman of Olshan Frome Wolosky LLP acted as legal advisor to Hillair Capital. David L. Neale and John-Patrick M. Fritz of Levene, Neale, Bender, Yoo & Brill L.L.P acted as legal advisor to Official Committee of Unsecured Creditors. Armory Securities, LLC acted as financial advisor to Scoobeez Global, Inc, Scoobeez Inc. and Scoobur LLC.