"On June 20, 2017, the Company filed the First Amended Joint Plan Pursuant to Chapter 11 of the Bankruptcy Code (the “Plan”) and the First Amended Disclosure Statement with Respect to First Amended Joint Plan Pursuant to Chapter 11 of the Bankruptcy Code (the “Disclosure Statement”) with the Bankruptcy Court. The Plan was accepted by a vote of the Class 6 Secure Point Technologies, Inc. shareholders and shareholders elected the Plan Distribution Option as evidenced by a voting certification (the “Voting Certification”) filed with the Bankruptcy Court on July 31, 2017. The hearing to consider confirmation of the Plan is currently scheduled for August 3, 2017 before the Bankruptcy Court. A copy of the Voting Certification filed by the Company with the Bankruptcy Court is filed as Exhibit 2.1 and incorporated herein by reference. There were 79,886,165 shares of common stock outstanding as of May 15, 2017 and there were no shares reserved for future issuance under the Plan"
