Molekule Group Inc (fka MKULQ)

[ed3/6me]

welcome to the sprint world. go from mega millions in value on paper to less than any value. if i were involved with the company taken over when they merged i would be looking for someone to sue

[Renee]

This excerpt is all shareholders need to know: "Pursuant to the Plan, all outstanding stock of the Issuer was cancelled for no consideration"

As the company reorganizes NEW equity can be created, but former shareholders do not receive any of the NEW equity. In some instances former shareholders can receive warrants to buy NEW equity, sometimes at a discount.

[ed3/6me]

Explanatory Note: This Amendment No. 1 (“Amendment No. 1”), which amends the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on January 23, 2023 (the “Original Schedule 13D”) is being filed on behalf of Foundry Group Next, L.P. (“Foundry”), FG Next GP, L.L.C. (“Foundry GP”), Brad Feld (“Feld”), Seth Levine (“Levine”), Ryan McIntyre (“McIntyre”), Lindel Eakman (“Eakman”) and Chris Moody (“Moody” and with Feld, Levine, McIntyre and Eakman, the “Managing Members”) (collectively, the “Reporting Persons”) in respect of the Common Stock, par value $0.01 per share (“Common Stock”) of Molekule Group, Inc., a Delaware corporation (the “Issuer”). This Amendment No. 1 is being filed for the purpose of reporting the disposition of the securities of the Issuer by the Reporting Persons in connection with Issuer’s Chapter 11 reorganization. The Original Schedule 13D is hereby amended and supplemented to the extent hereinafter expressly set forth and, except as amended and supplemented hereby, the Original Schedule 13D remains in full force and effect. All capitalized terms used in this Amendment but not defined herein shall have the meanings ascribed thereto in the Original Schedule 13D.



Item 4. Purpose of Transaction


Item 4 of the Original Schedule 13D is hereby amended and supplemented by adding the following at the end of Item 4:



On October 3, 2023, the Issuer and Molekule Group, a Delaware corporation which is a holding company (collectively, the “Debtors”) filed voluntary petitions (the “Chapter 11 Cases”) in the United States Bankruptcy Court for the Southern District of Florida West Palm Beach Division (the “Bankruptcy Court”) seeking relief under Chapter 11 of Title 11 of the United States Code. On February 5, 2024, the Bankruptcy Court entered an order confirming (the “Confirmation Order”) the Debtors’ Debtors’ Modified Amended Joint Plan of Reorganization (the “Plan”), dated as of December 22, 2023, and on February 20, 2024, the Plan became effective. Pursuant to the Plan, all outstanding stock of the Issuer was cancelled for no consideration and the business of the Issuer was continued in a newly formed reorganized corporation (“New Molekule”). Foundry, as a provider of debtor-in-possession financing to the Issuer, received a portion of the equity of New Molekule.

[ed3/6me]

cancelling a stock is only in the case of complete fraud which should have been apparent when they combined with the other company. If they managed to cancell the other companies shareholders of recoord should go directly to the fraud department

[Renee]

Delisting a stock means the stock would still exist, whereas share cancellation by a BK Judge means the shares no longer exist.

[ed3/6me]

So it is now dead? Delisting?

[Renee]

MKULQ: BK PLAN effective. All shares cancelled.

https://otce.finra.org/otce/dailyList?viewType=Deletions

[ed3/6me]

These guys merged with another company to fail?

[hondaboost]

Still holding your $0.108 shares of MKULQ ?

[hondaboost]

MKULQ, just $0.02? While it was $2.7 in Aug. Easy bouncing to $0.50's or $1, with tiny float. It was as High as $18 in 2022.
Just delisted from NASDAQ in Oct.

[Renee]

MKUL changed to MKULQ, bankruptcy. Delisted from the Nasdaq to the OTC

https://otce.finra.org/otce/dailyList?viewType=Additions

[INFINITI]

Ouch

[LowFloatLopes]

Caught some .1080s

[INFINITI]

Nice day Monday should be interesting

[INFINITI]

Zero borrowing here

[INFINITI]

Squeeze it

[INFINITI]

It’s thin folks

[INFINITI]

Yup !!!

[81vette]

25Xs relative vol,float/os rotated at 15m,volatility 28%>(there is $ to be made)

[81vette]

ZERO BORROW,not optionable,40%short fee/NO REBATE,short 82k

[81vette]

bk good,everything frozen,no dilution/printing os/insiders selling,sometimes bk rocket up,MKUL has 22m sales,buyout/reorganize?,i wont be in after the 12th tho,stuck in a Q or delist sucks

[INFINITI]

Load up make easy money here $$$$

[INFINITI]

Bottoms in

[INFINITI]

Bankruptcy does not change anything here still money to be made here

[INFINITI]

I’ve seen stocks soar on chapter 11 we will see

[LessIsMore]

Chapter 11 bankruptcy filed today. Trading to resume at 4:10 PM EST

https://www.sec.gov/ix?doc=/Archives/edgar/data/1872356/000110465923106353/tm2327546d1_8k.htm

GLTA

[INFINITI]

So what now

[INFINITI]

News out so resume trading

[INFINITI]

Hopefully it’s good

[dande1990]

Yes. Fidelity says halted pending news.

[INFINITI]

Did this get halted

[INFINITI]

Time to move up slap that as$$$$

[INFINITI]

Naw Il be long gone by then make that money $$$

[PARker1703]

R/S most likely

[INFINITI]

Gap filled time to move up $$$$

[INFINITI]

Dip and rip

[INFINITI]

Load up $$$$$

[BEIJING BILL]

Debt payment made ... Ho lee chow ok ... now time to fix price and fill up gaops

[INFINITI]

Break .3 she flies

[INFINITI]

Ok I’m in $$$$&

[INV4]

Don't know exactly but I bought a very small starter this early morning!
The share price fell sharply... so could just be a bounce... or?

They have a nice website with good looking products.
https://molekule.com/collections/purifiers

[INFINITI]

Might get a starter what’s the scoop here can anyone elaborate honestly

[subslover]

We got a runner here. Ghost runner

[stock1ace1]

Bro stop pumping

[Awl416]

Buy high sell low

[Awl416]

So…..

[Awl416]

LOL

[Monksdream]

MKUL new 52 week low

[ed3/6me]

Guess they were inept. Only question is why other company joined these bozos

[ed3/6me]

Already? Ink is not dry in merger yet