secwatch.observer — SEC 8-K summary
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Issuer:     PARETEUM Corp (—)
CIK:        0001084384
Form:       8-K
Filed at:   2022-12-29T23:59:59+00:00
Accession:  0001193125-22-314752
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.03, 3.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pareteum bankruptcy plan confirmed; common stock cancelled with no recovery for shareholders
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- On Oct 7, 2022, Bankruptcy Court confirmed Modified Chapter 11 Plan of Liquidation; effective Oct 21.
- Plan cancels all common stock; holders will receive no distribution on their equity interests.
- Officers and directors resigned effective Oct 21 under the plan; liquidating trustee appointed.
- Co. reported total assets of $5.2M and liabilities of $32.6M as of Oct 31, 2022.
- Liquidating Trust funded with at least $1.25M to pursue retained causes of action and administer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084384/000119312522314752/0001193125-22-314752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084384/000119312522314752/d420959d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-314752

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