Teligent, Inc. filed a motion in the US Bankruptcy Court for the sale of certain assets on November 24, 2021. The debtor seeks the Court?s approval for the sale of its Facility assets to Letters, Inc., the stalking horse bidder, for a purchase price of $27 million, its Canadian assets to Sterimax, Inc., the stalking horse bidder, for a purchase price of $32 million and U.S. Marketing Authorizations to PAI Holdings, LLC, the stalking horse bidder, for a purchase price of $7 million, pursuant to the asset purchase agreement, dated November 24, 2021 and November 23, 2021, respectively. To qualify as a qualified bidder, interested parties should submit their bids by January 11, 2022, along with good-faith deposit in the amount of 10% of the bid price. The initial minimum overbid should be at least $0.25 million more than the initial purchase price. The debtor has scheduled an auction on January 13, 2022. At the auction, the subsequent bids would be in increments of $0.25 million for all three assets. The stalking horse bidder would be entitled to a break-up fee of $0.90 million for Canadian assets and $0.21 million for U.S. Marketing Authorizations, and expense reimbursement of $0.50 million for Canadian assets and $0.12 million for U.S. Marketing Authorizations in case of termination of the asset purchase agreement. The sale hearing is scheduled for January 18, 2022. Sale closing shall be occurred on January 31, 2022.