zNano considers itself an innovative technology company in the membrane filtration space. zNano claims that its patented technology can be used to customize and add bio-inspired covalent ceramic coatings onto other conventional membranes that will enhance the ability to filter challenging wastewaters. Based on its innovative and patented process, zNano’s business model claims it is unique at leveraging both ends of the supply chain combined with quick inventory turn-over to add value and provide higher gross margins for both zNano and its customers.
Per the terms of sale, in order for a interested party to become a qualified bidder, they need to send a $100,000 refundable deposit and information to prove they have the means to pay the balance of the purchase price they will must have available to qualify to bid (such as current bank statement in the name of the prospective bidder). Documents for review in the dataroom after a bidder executes the Confidentiality Agreement include Company information, Loan Documents, Terms of Sale document and Public Foreclosure Sale Agreement (that includes a form of Bill of Sale and form of Transfer Statement) to be used if third party is successful bidder.