---
schema_version: "secwatch.filing_event.v1"
accession: "0001193805-23-001304"
form_type: "8-K"
ticker: null
cik: "0001497504"
company_name: "PLx Pharma Winddown Corp."
filed_at: "2023-09-20T23:59:59+00:00"
generated_at: "2026-06-10T11:58:45.356096+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# PLx Pharma Winddown Corp. Chapter 11 liquidation plan confirmed; stock to be cancelled with no recovery for shareholders

## Summary
- Bankruptcy court confirmed Chapter 11 plan of liquidation on September 14, 2023; effective date pending conditions.
- All common and preferred stock will be cancelled on effective date; shareholders receive no distribution.
- As of Sep 20, 2023, company had ~$7.8M assets vs ~$12.6M liabilities; unsecured creditors (Class 3) to receive distributions.
- Plan administrator Daniel R. Williams of J.S. Held LLC appointed to wind down estates and make distributions.

## SEC filing metadata
- accession: 0001193805-23-001304
- form_type: 8-K
- cik: 0001497504
- company_name: PLx Pharma Winddown Corp.
- filed_at: 2023-09-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497504/000119380523001304/0001193805-23-001304-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497504/000119380523001304/e618947_8k-plx.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193805-23-001304
- JSON: https://secwatch.observer/filing/0001193805-23-001304.json
- Plain text: https://secwatch.observer/filing/0001193805-23-001304.txt

## Key facts
- Distress & Bankruptcy
  PLx Pharma Winddown Corp. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-04-13).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2023-04-13
  source text: filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1497504/000119380523001304/0001193805-23-001304-index.htm

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