AllDigital Holdings, Inc won the auction to acquire substantially all assets of Brevity Ventures Inc. from from Hilco Streambank, LLC for $0.4 million.
AllDigital Holdings, Inc (OTCBB:ADGL) entered into an asset purchase agreement to acquire substantially all assets of Brevity Ventures Inc on October 17, 2014. The transaction can be terminated if it is not closed by October 31, 2014.
Matthew P. Ward, Thomas M. Horan and Ericka F. Johnson of of Womble Carlyle Sandridge & Rice LLP acted as legal advisors for Brevity Ventures Inc. Hilco IP Services LLC acted as intellectual property disposition agent for Brevity Ventures Inc. Larry A. Cerutti of Troutman Sanders LLP acted as legal advisor for AllDigital Holdings, Inc.