At the moment i do not know if or when the commons will be cancelled. As a result of the Equity Investment and the Equity Conversion, on the effective date of the Plan (the “Effective Date”), the Plan Sponsor will own 100% of the reorganized equity in the Company (the “Reorganized Equity”) ... (f) Holders of Equity Interests in Corp. – All existing equity interests (including common stock, preferred stock and any options, warrants or rights to acquire any equity interests) of Corp. will be cancelled.