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Fort Lauderdale-based Moecker Auctions, Inc. has been engaged by Trustee Robert Furr to liquidate in excess of $18 million in assets resulting from the Chapter 7 bankruptcy filings of Electriq Power Holdings, Inc. (NYSE/OTC:ELIQ) and Electriq Power, Inc. In 2023, Electriq Power Holdings, Inc. merged with a public company based in West Palm Beach, FL.
“We are expecting strong interest from buyers due to the explosive growth of the global energy storage market,” said Michael Shirinian, Director of Operations at Moecker Auctions, Inc. “According to experts, turnkey energy storage systems are in high demand globally.”
Items to be auctioned include extensive lithium-ion battery lines, solar panels, FF&E, proprietary software, and other intellectual property. Bids are being accepted for a bulk purchase (all assets) and by product line (i.e., battery line, software, IP, etc.). Negotiations are already underway with potential buyers. In addition to solar panels, the inventory includes approximately 20,000 lithium-ion batteries for home solar system battery backups. The brands are CATL, Top Band, and Kohler which in the industry are high end lithium-ion batteries. In addition to home use, these same batteries can be used in EV cars, EV scooters and EV marine, RV and motor homes. For more information, call Michael Shirinian at Moecker Auctions at 954-252-2887 or email: mshirinian@moeckerauctions.com.
The bid deadline is Monday, July 1, 2024 at 5:00 pm EST. A virtual data room will be made available and the virtual live auction is Monday, July 8, 2024 at 10:00 am EST.
Electriq Power Holdings, Inc. filed Chapter 7, a voluntary petition for relief in the U.S. Bankruptcy Court, Southern District of Florida on May 3, 2024 with Judge Mindy A. Mora presiding. Founded in 2014 in Silicon Valley, the company provided turnkey intelligent energy storage and management solutions for homes and small businesses.
With offices in Fort Lauderdale, Orlando, Tampa, and Jacksonville, Moecker Auctions, Inc. is licensed, bonded, and fully insured and maintains a staff of experienced personnel to administer and facilitate its operations. With over 60 years of combined experience, Moecker Auctions offers a unique approach to auctions, liquidations and appraisals. For more information, visit www.moeckerauctions.com.
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