Capitalized terms used but not defined herein shall have the meanings set forth in the Plan. To the extent there is a conflict between this summary and the Plan or Confirmation Order, the Plan or the Confirmation Order, as applicable, shall govern. This summary is qualified in its entirety by reference to the Plan and the Confirmation Order. The following is a summary of the material features of the Plan. The Debtors anticipate that the effective date of the plan will occur on or around March 1, 2022. It will become effective upon the satisfaction or waiver of certain conditions precedent set forth in the Plan. A copy of the Plan and the Confirmation Order (as entered by the Bankruptcy Court) is attached hereto as Exhibit 2.1 and Exhibit 2.2, respectively, and each is incorporated herein by reference. On February 22, 2022, the Bankruptcy Court entered an order (the "Confirmation Order") confirming the Debtors' Plan of Liquidation (the "Plan"). The Debtors' Chapter 11 cases (collectively, the "Chapter 11 Case") are being jointly administered under the caption, "In re Sequential Brands Group Inc., et al." ("SQBG" or the "Company") and certain of its subsidiaries (collectively with the Company, the "Debtors") filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). ¨Īs previously disclosed, on August 31, 2021, Sequential Brands Group, Inc. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Securities registered pursuant to Section 12(b) of the Act: Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) (Registrant's telephone number, including area code)Ĭheck the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: (Address of Principal Executive Offices/Zip Code) (State or other jurisdiction of incorporation) (Exact name of registrant as specified in its charter) Date of Report (Date of Earliest Event Reported): Febru(February 22, 2022)
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