The trustee filed a motion in the US Bankruptcy Court for the sale of substantially all the assets of Unique Fabricating, Inc. on January 2, 2024. The trustee seeks the Court?s approval for the sale of substantially all its assets to PSC Industries, Inc., for a purchase price of $14.69 million in cash, along with good-faith deposit in the amount of $1.47 million pursuant to the asset purchase agreement, dated December 22, 2023. The debtor?s assets include substantially all the assets excluding cash, including the Purchase Price, deposits and prepayments, accounts receivable and promissory notes receivable, insurance policies, rights in insurance, any fixtures at the Leased Facilities not owned by the Debtors, avoidance actions, any Tax refunds of the Debtors solely attributable to a taxable period ending on or prior to the Closing Date, any benefit plans, contracts other than Assigned Contracts, any lease to any Facility that is not Transferred Real Property, any books and records of the Debtors not relating to the Acquired Assets, any personally identifiable information of the Debtors?

former employees, any right, title or interest in the equity or any asset of either Unique Fabricating de Mexico, S.A. de C.V., a Mexican Sociedad Anonima de Capital Variable, or Unique-Intasco Canada, Inc., a corporation incorporated under the laws of British Columbia, Canada, and any finished goods of the Debtors which Seller sells prior to the Closing. Buyer is represented by Peter W. Clarke and Daniel J. McGuire of Winston & Strawn LLP as its legal advisors. Sale hearing is scheduled for January 25, 2024 and the sale closing shall occur by January 31, 2024.