---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-084423"
form_type: "8-K"
ticker: null
cik: "0001934064"
company_name: "ProSomnus, Inc."
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:32:38.841734+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Bankruptcy court confirms ProSomnus Chapter 11 plan; equity canceled with no recovery

## Summary
- Court entered Confirmation Order on July 30, 2024; Effective Date expected around Aug 5, 2024.
- Common stock (17.4M shares) and warrants (6.5M warrants) canceled with no distribution.
- Assets of $26.4M vs liabilities of $64.5M as of June 30, 2024 (unaudited).
- Company will file Form 15 to deregister securities and suspend SEC reporting obligations.
- Reorganized entity to issue new equity and $15.5M in new notes to certain creditors.

## SEC filing metadata
- accession: 0001104659-24-084423
- form_type: 8-K
- cik: 0001934064
- company_name: ProSomnus, Inc.
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1934064/000110465924084423/0001104659-24-084423-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1934064/000110465924084423/tm2420568d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-084423
- JSON: https://secwatch.observer/filing/0001104659-24-084423.json
- Plain text: https://secwatch.observer/filing/0001104659-24-084423.txt

## Key facts
- Distress & Bankruptcy
  ProSomnus, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2024-05-07).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2024-05-07
  source text: on May 7, 2024, ProSomnus, Inc. (the “ Company ”) and certain of its existing affiliates and subsidiaries (collectively, the “ Debtors ”) filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Bankruptcy Code, as amended (the “ Bankruptcy Code ”), in the United States Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”) with a pre-negotiated chapter 11 plan as contemplated by the Restructuring Support Agreement, dated May 7, 2024 (the “ RSA ”). The Debtors’ Chapter 11 cases are being jointly administered under the caption In re ProSomnus Inc.., et al ., Case No. 24-10972 (the “ Chapter 11 Cases ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1934064/000110465924084423/0001104659-24-084423-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.