In furtherance of an offer of ESW Capital, LLC (“ESW”) to acquire Wave Systems Corp. (“Wave”), Wave’s chapter 7 case has been converted to a case under chapter 11 and is being administered by a chapter 11 trustee.  ESW’s offer contemplates acquiring the Wave business through a chapter 11 plan process.  ESW’s offer and the Bankruptcy Court’s approval of such offer as the highest and best offer for Wave’s business can be found at Docket No. 110, Case No. 16-10284 (KJC) (Bankr. D. Del.).

The chapter 11 trustee anticipates that the chapter 11 plan process will conclude on or before September 30, 2016.  The chapter 11 trustee has retained key individuals from Wave in order to provide customer service and support through the chapter 11 process.  If you have any questions regarding customer service or support, please contact the chapter 11 trustee at dcarickhoff@archerlaw.com.  Additional information about Wave’s chapter 11 case can be found on the website of its claims and noticing agent, UpShot Services LLC:  http://www.upshotservices.com/cases.