secwatch.observer — SEC 8-K summary
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Issuer:     PLx Pharma Winddown Corp. (—)
CIK:        0001497504
Form:       8-K
Filed at:   2023-09-20T23:59:59+00:00
Accession:  0001193805-23-001304
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1497504/000119380523001304/0001193805-23-001304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1497504/000119380523001304/e618947_8k-plx.htm
  HTML page:      https://secwatch.observer/filing/0001193805-23-001304

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