Jan. 12 at 7:14 AM
$OPTI 🚨 Major Update: Hearing Continued to Feb.
The most critical development is that the court hearing to approve the Stock Purchase Agreement did not result in an immediate sale approval in early January.
New Hearing Date: The hearing on the Receiver's motion has been continued to February 20, 2026, at 1:30 p.m. in Department N-28.
Reason for Delay: Receiver's supplemental briefing disclosed the existence of multiple liens against the judgment debtors (Optec/Pawson).
Court's Instruction: Instead of ruling on the sale immediately, the Judge directed the Receiver to provide formal notice of the motion to all lienholders. This ensures that anyone with a financial claim against the company has a chance to be heard before the company is sold.
Waiting Period: Receiver is currently serving notice to all the newly identified lienholders. The Court wants to ensure all creditors are notified before signing off on the deal.