The US Bankruptcy Court gave an order approving the sale of the certain assets of Tuesday Morning Corporation on April 28, 2023. The debtor has been authorized to sell its certain assets to Hilco Merchant Resources, LLC for a purchase price of $32.06 million with $2,281,500 deposited by Hilco into the account designated by the Sellers with the last four digits of the account being 8648 on April 6, 2023 and the additional $928,500 deposited by Hilco into the same account on April 20, 2023 in cash pursuant to the asset purchase agreement dated April 24, 2023. The Debtors and the Purchaser intend to close the Sale of the APA Assets, including the commencement of the Store Closing Sales, as soon as reasonably practicable.

The buyer is represented by Ian S. Fredericks & Sarah Baker of Hilco Merchant Resources, LLC as its legal advisors.