In a speedy turnaround, Crumbs is about to emerge from bankruptcy with new owners.
Lemonis Fischer Acquisition Co.'s $6.5 million bid for Crumbs Bake shop went unchallenged on Tuesday, the New York Post reports. The final sale of the cupcake chain is set to be approved in New Jersey bankruptcy court on Aug. 26.
Lemonis Fischer is a joint venture by CNBC star Marcus Lemonis and investment company Fisher Enterprises, which is also the owner of Dippin' Dots.
The two investors first announced their plan to buy the cupcake chain in July, a week after Crumbs abruptly closed all its stores. The public was offered the chance to beat Lemonis Fischer's bid of $1 million in financing to minimize damages plus a $5.5 million secured loan by noon on Aug. 19.