Quirky gets $4.7 million winning bid for assets; sale hearing Dec. 7

By Caroline Salls

Pittsburgh, Nov. 25 – Quirky, Inc. named Q Holdings, LLC as the winning bidder for some of the company’s assets, according to a notice filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, Q Holdings submitted a $4.7 million high bid.

As previously reported, the company is selling its trademarks and domain name Quirky.com, as well as the Quirky trademark registrations in other categories; the software and source code and third-party software licenses necessary to operate the community platform and innovation workflow; and the database of community members, including the data fields necessary to track idea submission and contributions.

The sale hearing is scheduled for Dec. 7.

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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