The US Bankruptcy Court gave an order approving the sale of substantially all the assets of IMRIS, Inc. on August 12, 2015. The debtor has been authorized to sell substantially all its assets to stalking horse bidder, Deerfield Acquisition Corp., for a purchase price of $14.5 million, consisting of $2.5 million for Robotics Business and $12 million for Imaging and Service Business and assumption of assumed liabilities. The debtor did not receive any other competing bids for the purchase of its assets and therefore Deerfield Acquisition Corp emerged as the winning bidder.