secwatch.observer — SEC 8-K summary
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Issuer:     Nogin, Inc. (—)
CIK:        0001841800
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0001213900-24-029909
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bankruptcy court confirms Nogin's Chapter 11 plan; existing equity cancelled for no value
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- Court entered confirmation order on March 28, 2024 for First Amended Joint Chapter 11 Plan.
- Existing common stock, options, and warrants will be cancelled for no value.
- Senior notes receive $15.5M recovery plus rights to pursue causes of action.
- All equity in reorganized company will be held by a new stockholder (B. Riley affiliate).
- Company had assets ~$48.8M and liabilities ~$157.9M as of March 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841800/000121390024029909/0001213900-24-029909-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841800/000121390024029909/ea020302901-8k_nogin.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-029909

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