secwatch.observer — SEC 8-K summary
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Issuer:     Nogin, Inc. (—)
CIK:        0001841800
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001213900-24-041334
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 1.02, 1.03
LLM model:  deepseek-v4-flash:cloud@v2

Nogin exits Chapter 11; common stock canceled, noteholders get $15.5M cash
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- Plan effective May 3, 2024; existing common stock, options, and warrants canceled for no value.
- Senior secured noteholders receive $15.5M cash plus interests in Noteholder Direct Claims and Creditor Litigation Trusts.
- Purchaser (Nogin Holdings, LLC) acquires reorganized equity in Nogin Commerce in exchange for $37.7M secured claims.
- General unsecured creditors to receive interests in the Creditor Litigation Trust.
- Company states it will not file additional SEC reports going forward.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841800/000121390024041334/0001213900-24-041334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841800/000121390024041334/ea0205655-8k_nogin.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-041334

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