Delaware has issued the certificates Wave Computing Inc. needed for its $61 million bankruptcy sale after the company agreed to pay franchise tax fees owed to the state.
The processor technology company’s payment of nearly $47,000 resolves its dispute with the state over the Good Standing Certificates Wave needed to complete the sale to Tallwood Technology Partners LLC, Wave said Friday in a filing with the U.S. Bankruptcy Court for the Northern District of California.
Wave earlier this week asked the bankruptcy court to intervene after Delaware’s refusal to issue the certificates raised doubts as to whether the sale could ...
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