Tricida, Inc.: going-concern / distress — Court confirms Tricida Ch 11 liquidation plan; assets $47.5M vs liabilities $235M; equity canceled

Tricida, Inc.

Court confirmed Fifth Amended Chapter 11 Plan of Liquidation on May 23, 2023; effective date expected within 30 days.
Plan cancels all Class 8 interests (common stock); holders receive no distributions.
As of April 30, 2023, total assets $47.5M, total liabilities $235.3M; accumulated deficit $939.3M.
Liquidating Trust established to administer assets and resolve remaining claims; professional fees $2.2M in April.
Cash balance $43.7M as of April 30, 2023; zero employees remaining.

item 1.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

Tricida, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-01-11).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2023-01-11

Exact text from the filing

As previously disclosed, on January 11, 2023, Tricida, Inc. (the “Company”) filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the “Court”), thereby commencing a Chapter 11 case for the Company (Case No. 23-10024).

View on SEC.gov

Browse all distress & bankruptcy →

Source: SEC EDGAR

accession 0001595585-23-000036

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.