AuctionWorks schedules UCC foreclosure auction for Oklahoma company equity

By AI, Created 5:05 PM UTC, May 18, 2026, /AGP/ – AuctionWorks said it will hold a public Article 9 foreclosure sale on June 19, 2026, involving pledged equity interests in three Oklahoma-based companies. Qualified bidders must register by June 16 and post a refundable $100,000 deposit to participate.

Why it matters: - The sale could transfer ownership interests tied to operating Oklahoma companies and related collateral under a UCC foreclosure process. - The auction gives secured creditors a formal path to recover value through a public, competitive sale.

What happened: - AuctionWorks, a division of AW Properties Global, LLC, announced a public foreclosure sale under Article 9 of the Uniform Commercial Code on behalf of the Secured Party. - The auction will be held virtually on Zoom on June 19, 2026, at 11:30 a.m. Eastern Time. - The sale includes pledged equity interests in 2180 Holdings Company Inc, M.L. Jones, LLC and ML Jones Prefabrication, LLC.

The details: - The Secured Party said the equity interests are owned by Michael Anthony Jones and were pledged as collateral under security agreements and related UCC filings. - Qualified bidders must register in advance and submit a refundable $100,000 bidder deposit before the auction. - The successful bidder must increase the deposit to 25% of the purchase price no later than June 26, 2026, at 12:00 p.m. Eastern Time. - The bidder qualification deadline is June 16, 2026, at 12:00 p.m. Eastern Time. - The sale is being offered on an “as is, where is, with all faults” basis, with no representations or warranties. - The Secured Party reserves the right to credit bid and to adjourn, continue, modify or cancel the sale. - Additional information will be available to qualified parties after they execute a confidentiality or non-disclosure agreement.

Between the lines: - A public UCC sale can create a fast, court-adjacent path to monetize pledged equity when a borrower defaults or collateral is being enforced. - The high bidder deposit suggests the auction is aimed at serious buyers with immediate capital and diligence capacity.

What’s next: - Interested bidders must clear qualification by June 16 and complete registration requirements before the June 19 auction. - Qualified parties can request more information after signing a confidentiality or non-disclosure agreement. - The outcome will depend on bidding, the Secured Party’s rights and whether the sale proceeds as scheduled.

The bottom line: - AuctionWorks is putting pledged equity in three Oklahoma-related companies up for public sale, with a June 19 virtual auction and a steep upfront deposit requirement.