COPSync’s sale of assets were approved by the U.S. Bankruptcy Court. Kologik Capital purchased the company through a stalking horse bid and is providing $300 million in DIP financing. COPSync, a technology company that connects law enforcement officials across the nation, had announced restructuring plans in April. In September, Kologik Capital submitted a stalking horse bid to purchase the company. COPsync will sell its assets in return for a combination of credit, cash and equity.