other_material
confidence high
sentiment negative
materiality 1.00
Global Clean Energy emerges from Ch11; all equity cancelled, converts to private LLC, to deregister stock
Global Clean Energy Holdings, Inc.
- On Aug 11, 2025, plan effective: ~50.2M shares of common stock cancelled, GCEH converted to Grapevine Energy Holdings LLC.
- New board of Reorganized GCEH: Gerrit Nicholas, Ethan Shoemaker, Matthew Kondratowicz, Igor Radomyshelsky, Todd Chen, Michael Yang, Brian Coffman.
- New debt facilities entered: Holdco Term Loan, Vitol RCF, New Super Senior Exit Term; also O&M Agreement with CTCI Americas.
- Company plans to file Form 15 to deregister common stock and suspend SEC reporting under Exchange Act.
- Under Plan, New Preferred Equity: 55.6% to CTCI, 44.4% to Term Loan holders; New Common Equity to Term Loan holders.
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