NVN Liquidation, Inc.: going-concern / distress — Bankruptcy court confirms NVN Liquidation plan; equity canceled, holders get no recovery

NVN Liquidation, Inc.

Bankruptcy Court entered order confirming Plan of Liquidation on January 26, 2024.
Plan cancels all outstanding equity interests; holders will receive no property on account of those interests.
Plan anticipates effective date in mid-February 2024, subject to conditions precedent.
Debtors filed Chapter 11 on July 17, 2023; Plan provides for liquidating trustee and orderly wind-down.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

NVN Liquidation, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-07-17).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2023-07-17

Exact text from the filing

filed voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware

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Source: SEC EDGAR

accession 0001467154-24-000004

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