Global Clean Energy Holdings, Inc.: going-concern / distress — 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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Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

Global Clean Energy Holdings, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2025-04-16).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the Southern District of Texas
Petition: 2025-04-16

Exact text from the filing

Concurrently with entry into the Restructuring Support Agreement, GCEH and its domestic direct and indirect subsidiaries (collectively, the "Debtors") filed petitions for relief under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") with the Bankruptcy Court to commence the Chapter 11 Cases and also filed a pre-arranged chapter 11 plan of reorganization as contemplated by the Restructuring Support Agreement.

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Source: SEC EDGAR

accession 0001213900-25-074670

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