secwatch.observer — SEC 8-K summary
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Issuer:     Tricida, Inc. (—)
CIK:        0001595585
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001595585-23-000036
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595585/000159558523000036/0001595585-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595585/000159558523000036/tcda-20230522.htm
  HTML page:      https://secwatch.observer/filing/0001595585-23-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer