On October 24, 2012, the United States Bankruptcy Court for the Southern District of New York entered an order confirming the Third Amended Joint Chapter 11 Plan of TerreStar Corporation, Motient Communications Inc., Motient Holdings Inc., Motient License Inc., Motient Services Inc., Motient Ventures Holding Inc., MVH Holdings Inc., TerreStar Holdings Inc. and TerreStar New York Inc. (the “Plan”). Pursuant to the Plan, TerreStar Corporation (the “Company”) emerged from bankruptcy on March 7, 2013, and is planning on making an initial issuance of common stock as contemplated under the Plan. All shares of common stock and preferred stock that were outstanding prior to the emergence date have been cancelled.
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.