Quirky selects $2.3 million lead bid, cancels Wink asset sale auction

By Caroline Salls

Pittsburgh, Nov. 3 – Quirky, Inc. selected Q Holdings LLC’s $2.3 million offer as the stalking horse bid for the company’s assets, according to a notice filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

The Quirky assets being sold include the assets primarily related to the Quirky.com online community platform and product-specific patents, trademarks, designs, prototypes and related intangibles for all Quirky-owned products developed through the Quirky.com online community platform.

As previously reported, the deadline for competing bids is noon ET on Nov. 13.

In addition, Quirky announced in a separate notice filed Tuesday that it canceled the Nov. 2 auction for its Wink business because no qualified bids were received.

An affiliate or designee of Flextronics Sales and Marketing (A-P) Ltd. is the stalking horse bidder for the Wink business assets, with a $15 million bid.

The Wink sale hearing is scheduled for Nov. 6.

Quirky, a New York-based invention startup company, filed bankruptcy on Sept. 22. The Chapter 11 case number is 15-12596.

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