Court approves ARC inventory monetization mandate
The court approved Desktop Metal’s Asset Marketing Agreement with ARC Impact Acquisition Corp., giving ARC a court-backed mandate to market and sell specified remaining inventory and help collect designated accounts receivable. The ARC asset marketing order authorizes inventory sales free and clear of liens, claims, interests, and encumbrances, with those interests attaching to sale proceeds, and gives buyers section 363(m) protections.
The agreement runs from September 18, 2025 until the earlier of December 31, 2025 or substantial completion of the inventory sales and receivables collection process. ARC receives 20% of gross proceeds from standard inventory sales, 15% for company-negotiated bulk sales over $100,000, and 20% of collected receivables. ARC must use commercially reasonable efforts to sell inventory for the highest possible value, but needs Desktop Metal’s consent for sales below 20% of cost value.
The development matters because it moves the case from asset-sale approval into residue monetization: remaining inventory and receivables now have a defined agent, fee structure, clean-title sale authority, and outside timeline for conversion into estate cash.