Agway Farm & H...

%
%
$141,780.28
+$141,780.28
Traded:
11/2/22

Stimwave Techn...

30
%
30
%
$4,045.00
+$4,045.00
Traded:
11/2/22

Legacy Ejy Inc...

%
%
$3,684.96
+$3,684.96
Traded:
11/2/22

Revlon, Inc.

%
%
$19,200.00
+$19,200.00
Traded:
11/2/22

Stimwave Techn...

%
%
$33,924.00
+$33,924.00
Traded:
10/31/22

Revlon, Inc.

%
%
$2,092.88
+$2,092.88
Traded:
10/31/22

Product Quest ...

%
%
$12,461.54
+$12,461.54
Traded:
10/28/22

Corsicana Bedd...

%
%
$92,850.87
+$92,850.87
Traded:
10/28/22

Product Quest ...

%
%
$9,633.31
+$9,633.31
Traded:
10/28/22

Corsicana Bedd...

%
%
$35,592.50
+$35,592.50
Traded:
10/28/22

Lehman Brother...

%
%
$500,000.00
+$500,000.00
Traded:
10/27/22

Agway Farm & H...

%
%
$449,412.59
+$449,412.59
Traded:
10/27/22

WL Homes LLC (...

%
%
$72,254.00
+$72,254.00
Traded:
10/27/22

Celsius Networ...

%
%
$187,310.32
+$187,310.32
Traded:
10/26/22

Legacy Ejy Inc...

%
%
$104,259.26
+$104,259.26
Traded:
10/26/22

RTW Retailwind...

%
%
$18,644.50
+$18,644.50
Traded:
10/26/22

Abeinsa Holdin...

%
%
$676,612.31
+$676,612.31
Traded:
10/25/22

WL Homes LLC (...

%
%
$479,330.00
+$479,330.00
Traded:
10/25/22

TBH19, LLC

%
%
$8,061,659.50
+$8,061,659.50
Traded:
10/25/22

Talen Energy S...

%
%
$1,184.24
+$1,184.24
Traded:
10/24/22

Talen Energy S...

%
%
$1,096.25
+$1,096.25
Traded:
10/24/22

Agway Farm & H...

%
%
$141,780.28
+$141,780.28
Traded:
11/2/22

Stimwave Techn...

30
%
30
%
$4,045.00
+$4,045.00
Traded:
11/2/22

Legacy Ejy Inc...

%
%
$3,684.96
+$3,684.96
Traded:
11/2/22

Revlon, Inc.

%
%
$19,200.00
+$19,200.00
Traded:
11/2/22

Stimwave Techn...

%
%
$33,924.00
+$33,924.00
Traded:
10/31/22

Revlon, Inc.

%
%
$2,092.88
+$2,092.88
Traded:
10/31/22

Product Quest ...

%
%
$12,461.54
+$12,461.54
Traded:
10/28/22

Corsicana Bedd...

%
%
$92,850.87
+$92,850.87
Traded:
10/28/22

Product Quest ...

%
%
$9,633.31
+$9,633.31
Traded:
10/28/22

Corsicana Bedd...

%
%
$35,592.50
+$35,592.50
Traded:
10/28/22

Lehman Brother...

%
%
$500,000.00
+$500,000.00
Traded:
10/27/22

Agway Farm & H...

%
%
$449,412.59
+$449,412.59
Traded:
10/27/22

WL Homes LLC (...

%
%
$72,254.00
+$72,254.00
Traded:
10/27/22

Celsius Networ...

%
%
$187,310.32
+$187,310.32
Traded:
10/26/22

Legacy Ejy Inc...

%
%
$104,259.26
+$104,259.26
Traded:
10/26/22

RTW Retailwind...

%
%
$18,644.50
+$18,644.50
Traded:
10/26/22

Abeinsa Holdin...

%
%
$676,612.31
+$676,612.31
Traded:
10/25/22

WL Homes LLC (...

%
%
$479,330.00
+$479,330.00
Traded:
10/25/22

TBH19, LLC

%
%
$8,061,659.50
+$8,061,659.50
Traded:
10/25/22

Talen Energy S...

%
%
$1,184.24
+$1,184.24
Traded:
10/24/22

Talen Energy S...

%
%
$1,096.25
+$1,096.25
Traded:
10/24/22

Talen Energy S...

%
%
$1,468.09
+$1,468.09
Traded:
10/24/22

Celsius Networ...

%
%
$17,751.94
+$17,751.94
Traded:
10/24/22

Celsius Networ...

%
%
$29,871.13
+$29,871.13
Traded:
10/24/22

Agway Farm & H...

%
%
$141,780.28
+$141,780.28
Traded:
11/2/22

Stimwave Techn...

30
%
30
%
$4,045.00
+$4,045.00
Traded:
11/2/22

Legacy Ejy Inc...

%
%
$3,684.96
+$3,684.96
Traded:
11/2/22

Revlon, Inc.

%
%
$19,200.00
+$19,200.00
Traded:
11/2/22

Stimwave Techn...

%
%
$33,924.00
+$33,924.00
Traded:
10/31/22

Revlon, Inc.

%
%
$2,092.88
+$2,092.88
Traded:
10/31/22

Product Quest ...

%
%
$12,461.54
+$12,461.54
Traded:
10/28/22

Corsicana Bedd...

%
%
$92,850.87
+$92,850.87
Traded:
10/28/22

Product Quest ...

%
%
$9,633.31
+$9,633.31
Traded:
10/28/22

Corsicana Bedd...

%
%
$35,592.50
+$35,592.50
Traded:
10/28/22

Lehman Brother...

%
%
$500,000.00
+$500,000.00
Traded:
10/27/22

Agway Farm & H...

%
%
$449,412.59
+$449,412.59
Traded:
10/27/22

WL Homes LLC (...

%
%
$72,254.00
+$72,254.00
Traded:
10/27/22

Celsius Networ...

%
%
$187,310.32
+$187,310.32
Traded:
10/26/22

Legacy Ejy Inc...

%
%
$104,259.26
+$104,259.26
Traded:
10/26/22

RTW Retailwind...

%
%
$18,644.50
+$18,644.50
Traded:
10/26/22

Abeinsa Holdin...

%
%
$676,612.31
+$676,612.31
Traded:
10/25/22

WL Homes LLC (...

%
%
$479,330.00
+$479,330.00
Traded:
10/25/22

TBH19, LLC

%
%
$8,061,659.50
+$8,061,659.50
Traded:
10/25/22

Talen Energy S...

%
%
$1,184.24
+$1,184.24
Traded:
10/24/22

Talen Energy S...

%
%
$1,096.25
+$1,096.25
Traded:
10/24/22

Talen Energy S...

%
%
$1,468.09
+$1,468.09
Traded:
10/24/22

Celsius Networ...

%
%
$17,751.94
+$17,751.94
Traded:
10/24/22

Celsius Networ...

%
%
$29,871.13
+$29,871.13
Traded:
10/24/22

Legacy Ejy Inc...

%
%
$50,926.69
+$50,926.69
Traded:
10/24/22

Celsius Networ...

%
%
$341,228.20
+$341,228.20
Traded:
10/21/22

RTW Retailwind...

%
%
$4,030.51
+$4,030.51
Traded:
10/21/22

Brazos Electri...

%
%
$2,300.00
+$2,300.00
Traded:
10/20/22

Exclusive Sale Process

Xclaim is working on behalf of Korean Crypto CeFi platform Streami Inc. to run an exclusive process for the sale of Streami’s unsecured claims against Genesis Global Capital, LLC.


Round 1 bidding is now closed. Xclaim has notified each bidder that submitted a qualified bid that they advanced to the second round.

$55,579,866

Scheduled claim against Genesis Global Capital, LLC, held by Streami, Inc.
‍‍

Bidding Closed
Image representing the bidding functionality in the app

Sale Process Overview

Claim Sale Details
  • Seller seeks highest and best offers through competitive sale process.
  • Preference given to bids indicating payment in BTC or ETH.
  • Data room with all supporting claim documents available to participating buyers (see participation requirements below).
Qualified First-Round Bids
  • A Qualified First-Round Bid must include the buyer’s name, the purchase price percentage (%) and purchase price amount (USD), and any material terms of the trade that deviate from the Seller’s preferred sale terms and the attached template Xclaim documentation.
  • Buyer must be able to produce verified financial statements to establish its ability to consummate a sale on the terms proposed, if requested by Seller.
  • Qualified First-Round Bids are indicative, non-binding offers subject to confirmatory diligence and definitive documentation.
Bid Procedures and Deadlines
  • Two rounds of sealed bidding.
  • Bids may be submitted via the Xclaim Market listing (Genesis xcm_5) or via email to brokerage@x-claim.com with “{Bidder Name} Bid for Genesis xcm_5” in the subject line.

Round 1

Early Bid Deadline:

  • May 5, 2023, at 6:00 p.m. (New York Time)
  • All Qualified Bids received by Xclaim by this time will advance. 

Regular Bid Deadline: 

  • May 8, 2023, at 4:00 p.m. (New York Time) 
  • Top 3-5 Qualified Bids received by Xclaim by this time will advance.

Round 2

  • Bidders that advance to the second-round will have an opportunity to request confirmatory diligence, meet with the creditor via video conference and revise their pricing accordingly. 
  • Second Round Bid deadline will be announced upon selection of advancing bids, but shall be no less than 72 hours after the First Round Regular Bid Deadline.
  • Following review of all Second Round Bids, Seller will select the highest and best offer assuming the Seller's reserve price is met, enter into a binding trade confirmation and quickly proceed to close a transaction, unless a third round of bidding is necessary to resolve a tie between two offers that are at the same price (or with slightly varying terms such that the seller does not prefer one over the other).

Transaction

  • Seller seeks quick close following entry into definitive documents (48-hour payment terms).
Who May Participate?
  • All Registered Buyers of the Xclaim Market and any other bidder that agrees to the Claim Sale Process Agreement and NDA, which may be submitted via email to brokerage@x-claim.com.
What If I Have More Questions?
  • If you are interested in participating in this sale process, please do not hesitate contact the Xclaim team at brokerage@x-claim.com for further information.
Investor studying graphs on monitors

Why Xclaim:

Leave sourcing to us

Quickly buy and sell claims using the investors’ bankruptcy claims marketplace.

Put more money to work

Penetrate deeper into cases without cold-calling and win more deals with our industry-leading response rate.

Move diligence out of your inbox

Centralize and streamline your review and exchange of information so you can spend more time on substance.

Respond faster than the market

Track all open bids from a single screen and update your bids instantly as your view changes.

Control your outreach

Customize everything from the standard claim purchase agreement to your messages to creditors.

Leverage custom services to reach farther

Remain anonymous while we engage creditors on your behalf — we can help you source any claim in any case, even if it’s not listed on our platform.

Access credit products with equity-like returns

Trade into claims with higher priority than pre-bankruptcy equity interests.

Diversify your investment strategy.

Find advanced resources to further your investments

Learn claims trading basics with step-by-step guides and library of articles.

See all market activity and follow the pros.

Leverage our tools to amplify your capabilities

Operate like your own 30-person hedge fund from your home office.

Fast, free sourcing and portfolio management.

Low-cost commissions on trades