Assets include patent applications, licenses, trademarks, tradenames, internet domain and website. Bids due May 10, 2024.
RALEIGH, N.C.–(BUSINESS WIRE)–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.
Contacts
Great Neck Realty Co.
Robert Tramantano
rtramantano@greatneckrealtyco.com
(516) 902-9568
