The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of the certain assets of Casa Systems, Inc. on April 24, 2024. The debtor?s assets include Cloud/RAN Assets, other inventories, the seller permits, assigned contracts, Business records, Equipment, Transferred Intellectual Property, certain refunds, credits, prepaid expenses, and deposits, accounts receivable, and certain other assets, interests or rights. The initial minimum overbid will begin with the starting bid and continue, in one or more rounds of bidding.

If the debtor receives any qualified bids then it would hold an auction for its assets on April 25, 2024. At the auction, the subsequent bids would be in increments of $0.1 million.