Celadon Group, Inc. filed an asset purchase agreement in the US Bankruptcy Court for the sale of its certain assets on April 30, 2020. As per the agreement dated April 9, 2020, seeks the Court’s approval for the sale of certain assets to White Willow Holdings LLC, for a purchase price of $2.43 million in cash. The debtor’s assets include 100% of the equity of the Mexican entities (Leasing Servicios, S.A. de C.V. and Celadon Mexicana, S.A. de C.V. (together with their subsidiaries, the “Jaguar Entities”) owned by Celadon Trucking Services, Inc. etc. The buyer would be entitled to a reimbursement of $0.5 million in case of termination of the asset purchase agreement.