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S&W Seed Co. to Sell Collateral Under Uniform Commercial Code
ByAinvest
Thursday, Jul 17, 2025 5:32 pm ET1min read
• Bloomberg: Private sale of collateral under UCC by ABL OPCO LLC. • Sale to be conducted on July 24, 2025, at Goldberg Kohn Ltd. offices in Chicago. • Agent intends to sell all of S&W SEED COMPANY's interest in the collateral. • Sale to be conducted virtually or in-person as determined by Agent. • Collateral to be sold under Article 9 of the Uniform Commercial Code.
ABL OPCO LLC has announced plans to sell all of S&W SEED COMPANY's interest in collateral under the Uniform Commercial Code (UCC) on July 24, 2025. The sale will take place at Goldberg Kohn Ltd. offices in Chicago and can be conducted either virtually or in-person, as determined by the Agent.The UCC-3 filing process, as described in Wolterskluwer's guide [1], will be used to facilitate the sale. A UCC-3 is an amendment filing that allows for changes to an original UCC-1 lien, including the termination of the lien or the transfer of rights to another secured party. In this case, the UCC-3 will be used to assign S&W SEED COMPANY's interest in the collateral to the new buyer.
The sale is a significant event for both ABL OPCO LLC and S&W SEED COMPANY, as it marks a change in the ownership structure of the collateral. The transaction is expected to provide liquidity and potentially improve the financial health of S&W SEED COMPANY.
The details of the sale, including the buyer and the terms of the agreement, have not been disclosed. However, it is expected that the sale will comply with the rules and regulations set forth by the Uniform Commercial Code and other relevant financial laws.
Investors and financial professionals should keep an eye on this development, as it may have implications for the financial health of S&W SEED COMPANY and the broader market. As always, it is important to conduct thorough research and consult with financial advisors before making any investment decisions.
References:
[1] Wolterskluwer. "UCC Basics: UCC-3s." Wolterskluwer, https://www.wolterskluwer.com/en/expert-insights/ucc-basics-ucc3s.
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