Bankruptcy 11 Sale Of Xyience Inc Energy Drink Maker For $15 Million

Xyience Energy DrinkBankruptcy sale of Xyience, Las Vegas energy drink maker, approved for $15 million this week to Manchester Consolidated. Bad news, unsecured creditors of Xyience will lose all of their investment in the once rockstar energy drink arena.

Last minute bidding within 90 minutes of the Chapter 11 sale, included an offer by a New Zealand company for $15.5 million all cash. This offer would have been considerably financially better for the drink manufacturer because of the cash but they missed the court’s deadline.

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