I see you conveniently left of the beginning of that paragraph.
In accordance with the Plan, Tidewater's stockholders of record at the close of business on the Effective Date will be entitled to receive a combination of New Common Stock, Series A Warrants, and Series B Warrants. All shares of Existing Stock (with the CUSIP number 886423 102) will be cancelled at the close of business on the Effective Date, and shares of New Common Stock, Equity Warrants, and New Creditor Warrants (as described below) will be issued at such time.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.