Active Ride Shop, the skate shop based in Rancho Cucamonga, CA, has been taken over by its lender, GemCap. At least eight of its 26 stores have closed and its website has been shut down, according to a report from ShopEatSurf.

GemCap will hold an auction on January 22 of Active’s intellectual property, inventory and other assets, according to a public notice filed in the newspaper.