Heritage Global Partners to Conduct Court-Ordered Auction of $4M+ in Brand-New Maternity Apparel from Seraphine USA, Inc.

By order of the U.S. Bankruptcy Court (Case No. 1:25-bk-11516)

Bidding Now Open – Online Auction Concludes December 10 at 11:00 AM ET

SAN DIEGO--(BUSINESS WIRE)-- Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, has been appointed by the U.S. Bankruptcy Court for the District of Delaware (Case No. 1:25-bk-11516) to conduct an auction of over $4 million in brand-new and returned inventory from Seraphine USA, Inc., the U.S. operations of the internationally recognized maternity apparel brand.

The Seraphine brand has gained global recognition for its contemporary maternity and nursing wear, with designs that have been worn by numerous public figures and widely featured in international media. The brand’s visibility and established reputation within the premium maternity segment contribute to the appeal of this inventory across resale and retail channels.

Auction Details:

• Auction Date: Tuesday, December 10, 2025 at 11:00 AM ET
• Registration and Catalog: Interested parties can view the catalog, register and bid Here
• Inspection: By appointment Only

“This sale represents a great opportunity for resellers, off-price retailers, and online sellers to bid on scores of new inventory in a high-demand category,” said David Barkoff, Senior Vice President at Heritage Global Partners. “With Seraphine’s established notoriety in the maternity sector and the quantity and quality of inventory up for grabs, we expect a strong turnout from buyers across the apparel and liquidation space.”

Inventory Highlights – New and Returned

• Underwear & Hosiery
• Activewear & Leisurewear
• Dresses & Tops
• Pants & Jumpsuits
• Sweaters & Cardigans
• Coats & Jackets
• Skirts & Shorts
• Accessories and more

All inventory is stored in a U.S. distribution center and available for release upon completion of the sale.

Heritage Global Partners, Inc. (“HGP”)

HGP is a subsidiary of Heritage Global Inc. (NASDAQ: HGBL). HGP operates under the Industrial Assets business unit and is a full-service auction, liquidation and asset advisory firm which holds a prominent spot in the industrial sectors including Aerospace, Automotive, Aviation, Biotech, Broadcast & Postproduction, Chemical, Electronics Manufacturing, Energy, Food & Beverage, Heavy Construction, Metalworking, Oil & Gas, Pharmaceutical, Plastics, Printing, Real estate, Semiconductor, Solar, Textile & Woodworking, and others. HGP conducts 150-200 auction projects per year, globally.

Heritage Global Inc. (“HG”)

HG values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, and charged-off account receivable portfolios through its two business units: Industrial Assets and Financial Assets.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251112026296/en/

David Barkoff

Senior Vice President, Heritage Global Partners

650-759-2242

dbarkoff@hginc.com

John Nesbett/Jennifer Belodeau

IMS Investor Relations

203-972-9200

InvestorRelations@HGinc.com

Source: Heritage Global Partners