{"schema_version":"secwatch.filing_event.v1","accession":"0001999371-24-015845","form_type":"8-K","ticker":null,"cik":"0000890447","company_name":"Vertex Energy Inc.","filed_at":"2024-12-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.283872+00:00","generated_at":"2026-05-28T23:12:09.322184+00:00","sec_items":["1.03","3.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Vertex Energy's Chapter 11 Plan confirmed; common stock to be canceled with no distribution","bullets":["Bankruptcy Court confirmed Second Amended Joint Chapter 11 Plan on Dec 20, 2024.","Under the plan, all existing common shares (93,514,346 outstanding) will be canceled and equity holders receive no distribution.","Debtors reported ~$256.5M in assets and ~$419.9M in liabilities as of Nov 30, 2024.","Plan provides for DIP and term loan claims to receive new common stock; unsecured creditors get interests in a GUC Trust.","Effective date not set; reorganized debtors expect to no longer be subject to SEC reporting."],"urls":{"canonical":"https://secwatch.observer/filing/0001999371-24-015845","json":"https://secwatch.observer/filing/0001999371-24-015845.json","markdown":"https://secwatch.observer/filing/0001999371-24-015845.md","text":"https://secwatch.observer/filing/0001999371-24-015845.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/890447/000199937124015845/0001999371-24-015845-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/890447/000199937124015845/vtnrq-8k_12272024.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T23:12:09.322184+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f76f6e48d5be5ec35c156f5eccbb9c9a0ed47814","claim":"Vertex Energy Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas.","evidence_excerpt":"Court for the Southern District of Texas (the “ Bankruptcy Court ”). The Chapter 11 Cases are being jointly administered under the caption In re Vertex Energy, Inc., et al. , Case No. 24-90507 (CML).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/890447/000199937124015845/0001999371-24-015845-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the Southern District of Texas"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}