---
schema_version: "secwatch.filing_event.v1"
accession: "0001595585-23-000036"
form_type: "8-K"
ticker: null
cik: "0001595585"
company_name: "Tricida, Inc."
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:34:52.505355+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Court confirms Tricida Ch 11 liquidation plan; assets $47.5M vs liabilities $235M; equity canceled

## Summary
- 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.

## SEC filing metadata
- accession: 0001595585-23-000036
- form_type: 8-K
- cik: 0001595585
- company_name: Tricida, Inc.
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1595585/000159558523000036/0001595585-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1595585/000159558523000036/tcda-20230522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001595585-23-000036
- JSON: https://secwatch.observer/filing/0001595585-23-000036.json
- Plain text: https://secwatch.observer/filing/0001595585-23-000036.txt

## Key facts
- Distress & Bankruptcy
  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
  source text: 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1595585/000159558523000036/0001595585-23-000036-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.