The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Xtera Communications, Inc. on January 30, 2017. The debtor has been authorized to sell its substantially all its assets to H.I.G. Europe – Neptune, Ltd., the stalking horse bidder for a purchase price of $10 million in cash plus assumption of assumed liabilities. The debtor did not receive any other competing bids for the purchase of its assets and therefore H.I.G. Europe – Neptune, Ltd. emerged as the winning bidder.