Stout served as exclusive financial advisor to Suitable Technologies in its sale of substantially all assets to Blue Ocean Robotics ApS and Magicheart Investments, LLC, pursuant to Section 363 of the U.S. Bankruptcy Code.

Suitable, headquartered in Palo Alto, CA, was a leading mobile teleconferencing robotics company. The company designed and developed patented “Beam” robots that provide instant eye-to-eye connection, allowing users to move and remotely engage with others in real time.

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