The US Bankruptcy Court gave an order approving the sale of the substantially all the assets of iPic-Gold Class Entertainment, LLC on October 29, 2019. The debtor has been authorized to sell substantially all its assets to iPic Theaters, LLC for a purchase price of $56 million. At the auction held,iPic Theaters, LLC emerged as the winning bidder by offering a purchase price of $56 million. The buyer is represented by Jeff Baker of Burr & Forman LLP as legal counsel.