S&W Seed Company has announced a significant development regarding its financial restructuring efforts. The company has entered into an agreement with a third-party buyer for the sale of its sorghum business assets. This transaction follows a Notice of Private Disposition of Collateral from ABL OPCO LLC (Mountain Ridge) under the Uniform Commercial Code. The buyer has agreed to purchase all collateral related to S&W Seed's sorghum business, in which Mountain Ridge holds a security interest, for a cash payment of approximately $7 million, along with deferred payments tied to certain accounts receivable collections. The sale remains contingent on customary closing conditions.
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