RMS Titanic Inc. filed a motion in the US Bankruptcy Court for the sale of substantially all its assets on November 14, 2017. The debtor seeks the Court’s approval for the sale of substantially all its assets through a public auction. The debtor shall designate a stalking horse bidder by January 16, 2018. The debtor assets include auction lots consisting of the common shares of RMS Titanic Inc., the entire artifact collection, the operations of Premier Exhibitions Inc. and/or any of its subsidiaries (with continued licensing rights for existing operations), and the assets of Premier Exhibitions Inc. and/or any of its subsidiaries. To qualify as a qualified bidder, interested parties should submit their bids by January 30, 2018. The bids must be accompanied by a good faith deposit in the amount of 10% of the purchase price. The initial minimum overbid should be in the amount such that it exceeds the baseline bid by 0.5%. The debtor has scheduled an auction on February 6, 2018. At the auction, the subsequent bids would be in increments of 0.5% of the baseline bid. The stalking horse bidder would be entitled to a break-up fee of up to 3% of the stalking horse purchase price, and expense reimbursement of up to 1% of the stalking horse purchase price in case of termination of the asset purchase agreement.