---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-305339"
form_type: "8-K"
ticker: null
cik: "0001830180"
company_name: "Legacy EJY, Inc."
filed_at: "2022-12-15T23:59:59+00:00"
generated_at: "2026-06-21T04:17:32.458888+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Legacy EJY Chapter 11 plan confirmed; common stock cancelled with zero recovery

## Summary
- Bankruptcy court confirmed Chapter 11 liquidation plan on Dec. 14, 2022, cancelling all common stock and equity interests.
- Equity interests (common stock and warrants) receive 0% recovery, rendering shares worthless.
- General Unsecured Claims estimated at $26.25M-$26.75M with projected recovery of 46-64%.
- Unsecured Note Claim of ~$10.14M has projected recovery of 0-31%.

## SEC filing metadata
- accession: 0001193125-22-305339
- form_type: 8-K
- cik: 0001830180
- company_name: Legacy EJY, Inc.
- filed_at: 2022-12-15T23:59:59+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/1830180/000119312522305339/0001193125-22-305339-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830180/000119312522305339/d394290d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-305339
- JSON: https://secwatch.observer/filing/0001193125-22-305339.json
- Plain text: https://secwatch.observer/filing/0001193125-22-305339.txt

## Key facts
- Distress & Bankruptcy
  Legacy EJY, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2022-06-30).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2022-06-30
  source text: filed voluntary petitions (and the cases commenced thereby, the “Chapter 11 Cases”) under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830180/000119312522305339/0001193125-22-305339-index.htm

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