SIDLEY AUSTIN LLP

Samuel A. Newman (admitted pro hac vice) 

555 West Fifth Street 

Los Angeles, California 90013 

Telephone: (213) 896-6000 

Facsimile: (213) 896-6600 

Email: sam.newman@sidley.com

SIDLEY AUSTIN LLP

Jackson T. Garvey (admitted pro hac vice) 

One South Dearborn 

Chicago, IL 60603 

Telephone: (312) 853-7000 

Facsimile: (312) 853-7036 

Email: jgarvey@sidley.com 

SIDLEY AUSTIN LLP

Rakhee V. Patel (TX Bar No. 00797213) 

Nathan C. Elner (admitted pro hac vice) 

Parker G. Embry (TX Bar No. 24126826)

Chelsea M. McManus (TX Bar No. 24131499) 

2021 McKinney Avenue, Suite 2000 

Dallas, Texas 75201

Telephone: (214) 981-3300 

Facsimile: (214) 981-3400 

Email: rpatel@sidley.com 

 nelner@sidley.com 

 parker.embry@sidley.com 

 cmcmanus@sidley.com 

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE NORTHERN DISTRICT OF TEXAS

DALLAS DIVISION

In re:

IMPEL PHARMACEUTICALS, INC., et al.1

 Debtors. 

Chapter 11 

Case No. 23-80016 (SGJ) 

(Jointly Administered)

NOTICE OF CANCELLATION OF AUCTION 

PLEASE TAKE NOTICE that on December 20, 2023, the debtors and debtors in 

possession in the above-captioned chapter 11 cases (the “Debtors”) filed the Debtors’ Motion for 

Entry of an Order (I)(A) Approving the Bid Procedures; (B) Authorizing the Debtors to Select JN 

Bidco LLC as the Stalking Horse Purchase Substantially Along the Terms Defined in the Stalking 

Horse APA and Approving Bid Protections; (C) Establishing Bid Deadlines, an Auction, and a 

Sale Hearing; (D) Approving the Form and Manner of Sale Notice; (E) Approving Assignment 

1 The Debtors in this chapter 11 case, together with the last four digits of the Debtors’ federal tax identification number, 

are: Impel Pharmaceuticals Inc. (8238); and Impel NeuroPharma Australia Pty Ltd (N/A). The Debtors’ service 

address is 201 Elliot Avenue West, Suite 260, Seattle, WA 98119. 

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2 

and Assumption Procedures; (F) Approving the Form and Manner of Potential Assumption and 

Assignment Notice; (II)(A) Authorizing the Sale of the Assets Free and Clear; and (B) Approving 

the Assumption and Assignment of Designated Contracts; and (III) Granting Related Relief

[Docket No. 18] (the “Motion”).

PLEASE TAKE FURTHER NOTICE that, on January 11, 2024, the Court entered an 

order granting, in part, the Motion and approving the bid procedures (the “Bid Procedures”) 

annexed as Exhibit 1 to the order [Docket No. 137] (the “Bid Procedures Order”).

2

PLEASE TAKE FURTHER NOTICE that, pursuant to the Bid Procedures, an Auction 

for the Debtors’ assets was scheduled to take place at 9:00 a.m. (CT) on January 29, 2024. 

PLEASE TAKE FURTHER NOTICE that, as of January 23, 2024 at 4:00 p.m. (CT), 

which is the Bid Deadline, the Debtors had not received Qualified Bids other than the Stalking 

Horse Bid. 

PLEASE TAKE FURTHER NOTICE that, in accordance with the Bid Procedures Order, 

and after consultation with the Consultation Parties, the Debtors have cancelled the Auction. 

PLEASE TAKE FURTHER NOTICE that the Debtors will file a Notice of Winning Bid 

setting forth the Designated Contracts and applicable Cure Amounts as soon as reasonably 

practicable. 

PLEASE TAKE FURTHER NOTICE that the Debtors will seek approval of the Sale of 

the Assets to the Stalking Horse Bidder at a hearing scheduled to commence on or before February 

1, 2024, at 9:30 a.m. (CT) (the “Sale Hearing”) before the Honorable Stacey G.C. Jernigan, United 

States Bankruptcy Judge for the Bankruptcy Court for the Northern District of Texas, Courtroom 

2 Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Bid 

Procedures Order. 

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1, floor 14, 1100 Commerce Street, Dallas, TX 75242-1496. 

PLEASE TAKE FURTHER NOTICE that copies of the Motion and the Bid Procedures 

Order, as well as all related exhibits, including the Stalking Horse APA, are available by: 

(i) visiting the website of the Debtors’ claims, noticing, and solicitation agent, Omni Agent 

Solutions LLC (“Omni”) at: https://omniagentsolutions.com/Impel (the “Case Website”), 

(ii) (888) 202-6183 (Toll-Free) or (747) 288-6396 (International), and/or (iii) emailing 

ImpelInquiries@OmniAgnt.com; or (iv) for a fee via PACER by visiting 

http://ecf.txnb.uscourts.gov/. 

PLEASE TAKE FURTHER NOTICE that you may obtain additional information 

concerning these Chapter 11 Cases on the Case Website.

[Remainder of page intentionally left blank]

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Dated: January 27, 2024

Dallas, Texas SIDLEY AUSTIN LLP

/s/ Rakhee V. Patel

Samuel A. Newman (admitted pro hac vice)

555 West Fifth Street

Los Angeles, California 90013

Telephone: (213) 896-6000

Facsimile: (213) 896-6600

Email: sam.newman@sidley.com

Rakhee V. Patel (TX Bar No. 00797213)

Nathan C. Elner (admitted pro hac vice)

Parker G. Embry (TX Bar No. 24126826)

Chelsea M. McManus (TX Bar No. 24131499)

2021 McKinney Avenue, Suite 2000

Dallas, Texas 75201

Telephone: (214) 981-3300

Facsimile: (214) 981-3400

Email: rpatel@sidley.com

nelner@sidley.com

parker.embry@sidley.com

cmcmanus@sidley.com

Jackson T. Garvey (admitted pro hac vice)

One South Dearborn

Chicago, IL 60603

Telephone: (312) 853-7000

Facsimile: (312) 853-7036

Email: jgarvey@sidley.com

Counsel to the Debtors and Debtors in Possession

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Certificate of Service

I certify that on January 27, 2024, I caused a copy of the foregoing document to be served 

by the Electronic Case Filing System for the United States Bankruptcy Court for the Northern

District of Texas.

/s/ Rakhee V. Patel

Rakhee V. Patel

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