Meati Hands Over Assets to Attorney as Startup Seeks $4 Million Sale
Boulder-based alternative protein startup Meati is preparing to sell its business for $4 million, despite having raised nearly $450 million in funding, according to court documents reported by BusinessDen. The company disclosed the planned sale in filings submitted to the Adams County District Court last Friday. Meati CEO Phil Graves assigned the company’s assets to attorney Aaron Garber, who filed a request seeking permission for the buyer—identified only as Meati Holdings Inc.—to take over operations prior to the deal’s closure. Further details about the buyer have not been made public. Garber stated in the filings that selling the company as a whole, rather than liquidating its assets, would provide the best outcome for creditors and reduce broader financial fallout. As of last week, a judge …