Forced Asset Liquidation Auction
Xevant Inc. Assets Slated for Secured Party Public Sale on September 1
Xevant, Inc. faces a forced asset sale on September 1, 2026, as secured creditor Xevant Holdco, LLC moves to foreclose on substantially all of the company's personal property. Globe Newswire reports the public auction will occur at 2 p.m. PST via online video conference. As of August 20, 2026, the secured party is owed at least $26,811,616.42 plus accrued interest, fees, costs, and expenses.
What Assets Are Being Sold at the Auction
The foreclosure sale includes nearly all of Xevant's personal property assets. AP News lists the items up for bid: inventory, accounts receivable, intellectual property, trade fixtures, and equipment. Some assets are excluded—only property that can legally transfer under applicable law and existing contracts will be sold. The online format allows qualified bidders to participate remotely.
The Debt Driving the Forced Sale
Xevant owes Xevant Holdco, LLC a substantial amount secured by the company's assets. Yahoo Finance confirms the debt totals no less than $26,811,616.42 as of mid-August 2026. This figure excludes accrued interest, additional fees, and other costs. The size of the debt prompted the secured party to pursue a public sale to recover funds.
How the Secured Party Public Sale Works Under UCC Law
The sale proceeds under Section 9-610 of the Uniform Commercial Code (UCC). Hastings Tribune explains that this legal framework allows secured creditors to foreclose on collateral through public sale. The highest bidder wins the assets. This method is designed to maximize recovery for the creditor while following established legal procedures. Qualified bidders submit offers during the online auction.
Xevant Holdco Takes Control as Secured Party
Xevant Holdco, LLC holds the security interest in Xevant, Inc.'s assets. Yahoo Finance UK notes that Xevant, Inc. is a Delaware corporation that succeeded Xevant, LLC through conversion. The relationship between Xevant Holdco and Xevant Holdco suggests a corporate restructuring or financing arrangement that left the secured creditor in control of collateral. The public sale represents the final step to recover outstanding debt.
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