On April 7, 2021, Madefire, Inc. (the “Company” or “Madefire”) entered into an assignment for the benefit of creditors (the “Assignment”), which is a state-level insolvency proceeding similar to bankruptcy. Madefire made a general assignment of its assets to an assignment entity, a California limited liability company by the name of Madefire (assignment for the benefit of creditors), LLC (“Assignee”), an affiliate of Sherwood Partners, Inc.
Due to the uncertainty in this situation, the following actions have been taken: - All new purchases of books have been suspended indefinitely. -All publication of new books has been suspended indefinitely. -Support of and future updates to the Madefire App have been suspended indefinitely. -Access to purchased content stored in the cloud may be limited and therefore customers are encouraged to download all previously purchased content from the cloud onto the Madefire App before the end of April 2021.
Further information with regard to the process may be found on www.proofofclaims.com/Madefire.