secwatch.observer — SEC 8-K summary
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Issuer:     INVACARE HOLDINGS Corp (—)
CIK:        0000742112
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000742112-23-000041
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Invacare Chapter 11 plan confirmed; common equity cancelled with no recovery
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- Bankruptcy Court confirmed plan on April 28, 2023; effective date pending.
- All existing common shares (37.96M) will be cancelled, holders receive no distribution.
- Term loan and secured notes claimants get Pro Rata shares of Exit Term Loan or Exit Secured Convertible Notes.
- Unsecured noteholders get Pro Rata share of new common equity and Litigation Trust interests.
- As of March 31, 2023, total assets ~$596M, total liabilities ~$592M per monthly operating report.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/742112/000074211223000041/0000742112-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/742112/000074211223000041/ivc-20230428.htm
  HTML page:      https://secwatch.observer/filing/0000742112-23-000041

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