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Re: 56Chevy post# 419

Thursday, 10/15/2020 2:30:06 PM

Thursday, October 15, 2020 2:30:06 PM

Post# of 433
Effective immediately, all existing shares of the Company's common stock were cancelled pursuant to the Plan, and the Company issued 9,382,378 shares of New Common Stock pro rata to the holders of allowed claims arising under the Prepetition Notes.

Additionally, the Company is authorized to issue up to an additional 4,262,836 shares of New Common Stock to holders of general unsecured clams pursuant to, and in accordance with, the terms and conditions of the Plan as such holders' general unsecured claims become allowed under the Plan. The New Common Stock will not be traded on a public exchange.

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