Receiver Asks Court to Approve Sale of Naturalshrimp Assets
February 25, 2025 | 1 min to read
Financial institutions have petitioned a Utah court to permit the sale of NaturalShrimp's assets, including its property in Webster City, following its receivership since September 2024. This came after Streeterville Capital LLC and Bucktown Capital LLC demonstrated the need for a third party to take temporary control of the business. Amplēo Turnaround and Restructuring, LLC has been appointed as the Receiver for NaturalShrimp and its affiliated companies.
Financial institutions invested in NaturalShrimp have asked a Utah court to allow for the sale of its assets, which would include the aquaculture’s property in Webster City.
The firm has been in receivership since September of 2024 when Streeterville Capital LLC and Bucktown Capital LLC successfully argued in court that a third party needed to temporarily take control of the business.
That third party, Amplēo Turnaround and Restructuring, LLC, was named as Receiver of NaturalShrimp, Inc., NaturalShrimp USA Corporation, NaturalShrimp Global, Inc., and Natural Aquatic Systems, Inc.
To read the rest of the story, please go to: Daily Freeman Journal