Great Neck Realty Co. to Auction IP Assets of BOA Nutrition, Inc., a US-Based Sports Nutrition & Wellness Company
April 23 2024 - 5:18PM
Business Wire
Assets include patent applications, licenses, trademarks,
tradenames, internet domain and website. Bids due May 10, 2024.
Great Neck Realty Co. is marketing the intellectual property
(the “Assets”) of BOA Nutrition, Inc., (“Company” or “BOA”), an
innovative sports nutrition and wellness company that specialized
in producing oral aerosol energy supplements tailored to athletes
and fitness enthusiasts of all ages and skill levels.
Developed in collaboration with athletic training and sports
nutrition experts from Duke University, BOA’s fast-acting, oral
aerosol nutraceutical applications aimed to deliver potent
solutions to optimize performance and facilitate rapid recovery
during physical activity. Leveraging its OraBlast technology, BOA
engineered products with atomized nutrients that are swiftly
absorbed by the body.
The Company, which was launched in 2020 just prior to the
COVID-19 pandemic, was unable to realize its full potential due
primarily to supply chain issues that impacted manufacturing and
distribution. As a result, the Company filed Chapter 7 Bankruptcy
on December 19, 2023, and subsequent to the bankruptcy filing, the
Chapter 7 Trustee entered into an Asset Purchase Agreement to sell
the Assets for $400,000 subject to higher and better offers at
auction.
BOA’s two primary products, BOA Endure Blast and BOA Ignite
Blast, used BOA’s OraBlast technology to provide a blend of
caffeine, B vitamins, electrolytes, sodium, as well as fast-acting
and slow-acting carbohydrates, designed to restore balance and
support energy levels during exercise, all within a two-second
spray. This “precision nutrition” allows athletes to meet their
individual needs by controlling how much or how little they receive
in order to jump-start the metabolic engine to sustain optimal
performance.
"While the Company ultimately filed for Chapter 7 bankruptcy,
the Trustee was able to quickly secure a buyer of the Assets for
$400,000, which I believe speaks to the true potential of these
products in the rapidly growing nutraceutical space,” according to
Rob Tramantano of Great Neck Realty Co. “The opportunity to acquire
these Assets will provide the ultimate purchaser with a substantial
head start towards relaunching what should be a leading sports
nutrition and wellness company,” added Tramantano.
Parties that are interested in participating in the auction must
submit a bid in accordance with Court approved Bidding Procedures
by 4:00 p.m. EDT on May 10, 2024, and the minimum bid to qualify
for the auction is $425,000. Those interested in learning more
about the opportunity and sale process are encouraged to contact
Great Neck Realty Co.
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version on businesswire.com: https://www.businesswire.com/news/home/20240423801702/en/
Great Neck Realty Co. Robert Tramantano
rtramantano@greatneckrealtyco.com (516) 902-9568