January 20, 2018 6:31 PM ET

Hotels, Restaurants and Leisure

Company Overview of Backwoods Adventures, Inc.

Company Overview

Backwoods Adventures, Inc. provides travel and tourism services. The company was founded in 2004 and is based in Austin, Texas.

3300 North Interstate Highway 35

Suite 149

Austin, TX 78705

United States

Founded in 2004

Phone:

512-583-1705

Key Executives for Backwoods Adventures, Inc.

Backwoods Adventures, Inc. does not have any Key Executives recorded.

Backwoods Adventures, Inc. Key Developments

Final Order for Asset Sale Approved for Jo-Jo Holdings, Inc.

The US Bankruptcy Court gave a final order for the sale of substantially all the assets of Jo-Jo Holdings, Inc. on February 28, 2017. As per the order, debtor has been authorized to sell substantially all the assets of debtor to Backwoods 2.0, LLC as the winning bidder with the highest purchase price of $0.82 million at auction. The buyer and debtor executed an agreement on February 28, 2017. The stalking horse bidder will be entitled to receive the bid protection of $0.03 million and initial deposit 10% i.e. $0.06 million.

Motion for Asset Sale Approved for Jo-Jo Holdings, Inc.

The US Bankruptcy Court approved the sale of certain assets of Jo-Jo Holdings, Inc. on February 10, 2017. As per the order, debtor has been authorized to sell Boulder Colorado assets to Neptune Outdoors, LLC. The buyer will pay the consideration in cash. The sale proceeds will be used to pay GemCap Lending I, LLC.

Motion for Asset Sale Approved for Jo-Jo Holdings, Inc.

The US Bankruptcy Court gave an interim order for the sale of substantially all the assets of Jo-Jo Holdings, Inc. on February 10, 2017. As per the order, debtor has been authorized to sell substantially all the assets of debtor to SMAO, LLC for $0.64 million. Buyer will be entitled to the bid protection of $0.03 million, in the event of better offer. The asset purchase agreement with SMAO, LLC shall be entered by February 17, 2017. SMAO shall deposit $0.06 million upon the execution of the agreement. Any competing bid must be paid in cash only, in the minimum amount of $0.67 million, with 10% cash deposit and should be submitted by February 23, 2017, to be identify as qualified bid. Auction will be held on February 27, 2017. At the auction bids shall be made in the minimum increment of $0.01 million. Final hearing on the sale shall be made on February 28, 2017.

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Recent Private Companies Transactions

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