Suppliers for Spring say the creator merch startup has owed them money for months and they're in the dark on how to get paid
Top Spring execs moved into prominent roles at Amaze, with CEO Chris Lamontagne becoming Amaze's president, and COO and president Annelies Jansen becoming Amaze's chief business officer.
Since the deal closed, the three vendors said, they've been left in the dark about how to get paid for work they did for Spring. The vendors spoke with Insider on the condition of anonymity to protect their business relationships. Their identities are known to Insider. Asset deals are often favored by the buyer because the acquirer can specify"which assets and liabilities they are willing to assume," Curtiss said.
Typically, in an asset deal, the seller remains a legal entity and is still beholden to its liabilities, Curtiss said."I've tried to get in touch with Spring," the first vendor said, adding that they'd gotten no response. Spring owes this vendor over $10,000, according to documentation they provided to Insider.
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