Crumbs Bakery Acquired by Marcus Lemonis


Crumbs Bake Shop Inc., the New York–based cupcake specialty chain, announced that it has reached an agreement with Lemonis Fischer Acquisition Company LLC, a joint venture created by Marcus Lemonis LLC and Fischer Enterprises LLC, which has provided pre-petition secured financing for Crumbs’ voluntary Chapter 11 bankruptcy petition that it filed in the United States Bankruptcy Court for the District of New Jersey earlier today.

Crumbs Joins NASDAQ

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57th Street General Acquisition Corp., owner of Crumbs Holdings LLC, a national neighborhood bakery and the largest U.S.-based retailer of cupcakes, announced that NASDAQ has approved the listing of its common stock, warrants, and units for trading on the NASDAQ Capital Market effective June 30, 2011.

The company’s common stock, warrants, and units will trade under the current symbols “CRMB”, “CRMBW”, and “CRMBU”, respectively.

Crumbs Announces Agreement to Be Acquired By Firm

Crumbs Holdings LLC (“Crumbs”), the creator of the gourmet cupcake and the largest U.S.-based retailer of cupcakes, which operates under the name Crumbs Bake Shop, and 57th Street General Acquisition Corp. (“57th Street”), a special purpose acquisition company, announced that they have entered into an agreement through which 57th Street will acquire Crumbs. The proposed transaction is expected to be completed in March 2011.