The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of the substantially all the assets of Lucira Health, Inc., on March 27, 2023. The Court approved the asset purchase agreement between the debtor and winning bidder, for the sale of substantially all its assets for a purchase price of $1 million in cash. To qualify as a qualified bidder, interested parties should submit their bids by April 3, 2023.

If the debtor receives any qualified bids then it would hold an auction for its assets on April 5, 2023. At the auction, the subsequent bids would be in increments of $0.1 million. The sale hearing is scheduled for April 13, 2023.

The sale shall be closed on or before April 20, 2023.