Monster Beverage Corporation and Vital Pharmaceuticals, Inc. announced they have entered into an Asset Purchase Agreement (“APA” or “Agreement”) under which a subsidiary of Monster would acquire substantially all of Bang Energy’s assets, including a beverage production facility located in Phoenix. The Transaction is subject to certain terms and closing conditions, which include obtaining Bankruptcy Court approval.
Under the terms of the APA, subject to satisfaction of certain closing conditions, Monster will acquire Bang Energy’s performance beverages and related Bang Energy businesses through the purchase of substantially all of Bang Energy’s assets.
While Monster is hopeful that the Transaction will be completed, there is no guarantee that it will receive Bankruptcy Court approval. Bang Energy filed for Chapter 11 protections under the US Bankruptcy Code in October 2022.
