Tricida, Inc.: going-concern / distress — Tricida Chapter 11 plan effective; all common stock cancelled, SEC deregistration planned

Tricida, Inc.

Plan effective date June 12, 2023; all outstanding common stock cancelled and discharged.
Company to file Form 15 to deregister securities under Exchange Act and suspend reporting.
Administrative and rejection claims bar date July 12, 2023; professional fee claims due July 27, 2023.
Tricida (TCDAQ) equity holders receive no recovery under the liquidation plan.

item 1.03 item 3.03 item 8.01 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

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).

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Source: SEC EDGAR

accession 0001595585-23-000052

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