secwatch.observer — SEC 8-K summary
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Issuer:     Legacy EJY, Inc. (—)
CIK:        0001830180
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0001193125-22-305339
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Legacy EJY Chapter 11 plan confirmed; common stock cancelled with zero recovery
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830180/000119312522305339/0001193125-22-305339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830180/000119312522305339/d394290d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-305339

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer