YogaWorks, Inc. filed a motion in the US Bankruptcy Court for the sale of substantially all its assets on January 1, 2011. The debtor seeks the Court’s approval for the sale of substantially all its assets to YogaWorks Investment Fund LLC, the stalking horse bidder, for a purchase price of $5 million in cash pursuant to the asset purchase agreement, dated December 4, 2020. To qualify as a qualified bidder, interested parties should submit their bids by December 7, 2020, along with good-faith deposit in the amount of $0.10 million. The initial minimum overbid should be at least $0.10 million more than the initial purchase price. The debtor has scheduled an auction on December 7, 2020. At the auction, the subsequent bids would be in increments of $0.1 million. The stalking horse bidder would be entitled to a break-up fee of $0.15 million and expense reimbursement of $0.01 million in case of termination of the asset purchase agreement. The sale hearing is scheduled for November 23, 2020.