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Ioxus, Inc. Logo has been acquired by XS Power Batteries Logo


  • Ioxus, which manufacturers ultracapacitors and modules for a variety of high power, energy storage applications, had interviewed Cascadia in late 2018 about running a sale process


  • Prior to formally engaging Cascadia, the Company experienced a material product recall, which resulted in debt holders stepping in after equity holders would not agree to provide additional liquidity

Our Specialized Approach

  • The debt holders mandated an extremely rapid sale process which Cascadia successfully managed; ultimately negotiating LOIs with multiple parties. The resulting transaction structure was effected under a public UCC-9 sale procedure to ensure the non-transference of certain trade and other liabilities
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