BioNitrogen Holdings Corp. filed a motion in the US Bankruptcy Court for the sale of substantially all assets of its affiliate, 4A Technologies, LLC, on March 23, 2017. The debtor seeks the Court’s approval for the sale of substantially all the assets to Annon Consulting, Inc., in exchange for a release of Annon’s Claim of approximately $1.78 million, pursuant to an asset purchase agreement dated March 20, 2017. The sale is private sale not subject to higher and better offers and accordingly there are no competing bid requirements. The sale hearing and the issue of sale order by the Bankruptcy Court shall be completed by no later than June 2, 2017. The sale closing date shall be two days from the final sale order. The buyer is represented by Greenberg Traurig, P.A and the debtor is represented by Jacqueline Calderin of Ehrenstein Charbonneau Calderin.