--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-24-172745" form_type: "8-K" ticker: null cik: "0001800682" company_name: "Cano Health, Inc." filed_at: "2024-07-01T23:59:59+00:00" generated_at: "2026-06-01T00:06:19.460147+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.9 calibrated_materiality_score: 0.9 confidence: "high" source: SEC EDGAR --- # Cano Health exits Chapter 11; old common stock canceled, new $211M exit financing ## Summary - Bankruptcy Court confirmed Plan on June 28, 2024; company emerged with new $211.25M exit credit facility. - Old common stock canceled; 41.8M new common shares and 2.2M warrants (exercise $25.30) issued. - Board reconstituted: Mark Kent remains, Eric Hsiao and Alan Wheatley join; three vacancies open. - Company to file Form 15 to deregister Class A common stock and warrants, citing fewer than 300 holders. - Shareholders' Agreement grants nomination rights to Nut Tree, Anchorage, Squarepoint, Diameter. ## SEC filing metadata - accession: 0001193125-24-172745 - form_type: 8-K - cik: 0001800682 - company_name: Cano Health, Inc. - filed_at: 2024-07-01T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.9 - calibrated_materiality_score: 0.9 - confidence: high - sec_items: 1.01, 1.02, 1.03, 2.03, 3.02, 3.03, 5.01, 5.02, 5.03, 7.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1800682/000119312524172745/0001193125-24-172745-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800682/000119312524172745/d840809d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-24-172745 - JSON: https://secwatch.observer/filing/0001193125-24-172745.json - Plain text: https://secwatch.observer/filing/0001193125-24-172745.txt ## Key facts - Distress & Bankruptcy Cano Health, Inc. entered chapter 11 (petition 2024-06-28). - Proceeding: chapter 11 - Petition: 2024-06-28 source text: Also on June 28, 2024, the Plan became effective pursuant to its terms and the Debtors emerged from the Chapter 11 Cases. evidence_url: https://www.sec.gov/Archives/edgar/data/1800682/000119312524172745/0001193125-24-172745-index.htm - Executive change Eric H. Hsiao was appointed as Director at Cano Health, Inc.. - Action: appointed - Role: Director source text: Mark Kent, the Company’s Chief Executive Officer, has continued as a director, along with new directors, Eric H. Hsiao and Alan Wheatley. evidence_url: https://www.sec.gov/Archives/edgar/data/1800682/000119312524172745/0001193125-24-172745-index.htm - Executive change Solomon D. Trujillo resigned as Director at Cano Health, Inc.. - Action: resigned - Role: Director source text: the following directors have been deemed to have resigned from the Board in connection with the Company’s emergence from the Chapter 11 Case and pursuant to the Plan: Patricia Ferrari, Carol Flaton, Angel Morales, Dr. Alan Muney, Kim M. Rivera, and Solomon D. Trujillo. evidence_url: https://www.sec.gov/Archives/edgar/data/1800682/000119312524172745/0001193125-24-172745-index.htm - Executive change Alan Wheatley was appointed as Director at Cano Health, Inc.. - Action: appointed - Role: Director source text: Mark Kent, the Company’s Chief Executive Officer, has continued as a director, along with new directors, Eric H. Hsiao and Alan Wheatley. evidence_url: https://www.sec.gov/Archives/edgar/data/1800682/000119312524172745/0001193125-24-172745-index.htm - Executive change Kim M. Rivera resigned as Director at Cano Health, Inc.. - Action: resigned - Role: Director source text: the following directors have been deemed to have resigned from the Board in connection with the Company’s emergence from the Chapter 11 Case and pursuant to the Plan: Patricia Ferrari, Carol Flaton, Angel Morales, Dr. Alan Muney, Kim M. Rivera, and Solomon D. Trujillo. evidence_url: https://www.sec.gov/Archives/edgar/data/1800682/000119312524172745/0001193125-24-172745-index.htm - Executive change Angel Morales resigned as Director at Cano Health, Inc.. - Action: resigned - Role: Director source text: the following directors have been deemed to have resigned from the Board in connection with the Company’s emergence from the Chapter 11 Case and pursuant to the Plan: Patricia Ferrari, Carol Flaton, Angel Morales, Dr. Alan Muney, Kim M. Rivera, and Solomon D. Trujillo. evidence_url: https://www.sec.gov/Archives/edgar/data/1800682/000119312524172745/0001193125-24-172745-index.htm - Executive change Dr. Alan Muney resigned as Director at Cano Health, Inc.. - Action: resigned - Role: Director source text: the following directors have been deemed to have resigned from the Board in connection with the Company’s emergence from the Chapter 11 Case and pursuant to the Plan: Patricia Ferrari, Carol Flaton, Angel Morales, Dr. Alan Muney, Kim M. Rivera, and Solomon D. Trujillo. evidence_url: https://www.sec.gov/Archives/edgar/data/1800682/000119312524172745/0001193125-24-172745-index.htm - Executive change Patricia Ferrari resigned as Director at Cano Health, Inc.. - Action: resigned - Role: Director source text: the following directors have been deemed to have resigned from the Board in connection with the Company’s emergence from the Chapter 11 Case and pursuant to the Plan: Patricia Ferrari, Carol Flaton, Angel Morales, Dr. Alan Muney, Kim M. Rivera, and Solomon D. Trujillo. evidence_url: https://www.sec.gov/Archives/edgar/data/1800682/000119312524172745/0001193125-24-172745-index.htm - Executive change Carol Flaton resigned as Director at Cano Health, Inc.. - Action: resigned - Role: Director source text: the following directors have been deemed to have resigned from the Board in connection with the Company’s emergence from the Chapter 11 Case and pursuant to the Plan: Patricia Ferrari, Carol Flaton, Angel Morales, Dr. Alan Muney, Kim M. Rivera, and Solomon D. Trujillo. evidence_url: https://www.sec.gov/Archives/edgar/data/1800682/000119312524172745/0001193125-24-172745-index.htm - M&A Transactions Cano Health, Inc. underwent a change of control. - Action: change of control source text: As disclosed elsewhere in this Current Report on Form 8-K, on the Effective Date, all of the Old Common Stock of the Company was cancelled and the Company issued New Equity Interests pursuant to the Plan. evidence_url: https://www.sec.gov/Archives/edgar/data/1800682/000119312524172745/0001193125-24-172745-index.htm - M&A Transactions Cano Health, Inc. completed a disposition involving holders of the Allowed First Lien Claims. - Action: disposition - Counterparty: holders of the Allowed First Lien Claims source text: holders of the Allowed First Lien Claims received 100% of the New Equity Interests (subject to dilution by New Equity Interests issued in respect or as a result of (1) the MIP Equity, (2) the Participation Fee, (3) any financing fees payable in New Equity Interests in connection with the New RCF Loans and (4) the exercise of the GUC Warrants). evidence_url: https://www.sec.gov/Archives/edgar/data/1800682/000119312524172745/0001193125-24-172745-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.