ASAP.com and related domain names are coming up for sale in a bankruptcy auction. These domain names are owned by a food prep and delivery service called ASAP, which was previously known as Waitr Holdings. The company filed for Chapter 7 bankruptcy in April, according to Nation’s Restaurant News.
The online bankruptcy auction is being managed by Heritage Global Partners. In addition to the ASAP.com domain name and an assortment of intellectual property, other domain names being auctioned include AlcoholASAP.com, BiteSquad.com, ASAPLiquor.com, ASAPPot.com, EATAsap.com, MarijuanaASAP.com, LiquorASAP.com, MunchiesASAP.com, and quite a few others.
According to a SEC filing which was discovered and reported by George Kirikos, the company acquired ASAP.com and related domain names for a little more than $3 million. “During the year ended December 31, 2021, the Company acquired intangible assets in connection with the Delivery Dudes Acquisition and the Cape Payment Acquisition, totaling $14,550 (see Note 4 – Business Combinations), and $3,006 of domain names in connection with its comprehensive rebranding initiative,” the filing stated.
Historical Whois records maintained by DomainTools shows this domain name was once owned by Dell. I believe another entity acquired ASAP.com from Dell and later sold it to Waitr Holdings.
Bidding on the online auction will start on September 4th. It appears that the opening bid for ASAP.com is listed as $340,000. There is a 19% buyer’s premium that will be added on to the winning bid. The sale is subject to the seller’s approval, and there may be bankruptcy court approvals needed as well. The auction platform website has additional auction details and terms.
If you have any questions about the auction or domain names in the auction, you may reach out directly to David Barkoff from Heritage Global Partners.
