Charge Enterprises, Inc. filed a combined pre-packaged plan of reorganization and disclosure statement in the US Bankruptcy Court on March 7, 2024. As per the plan filed, DIP Lender Claims shall be paid in full by issuance of New Common Stock. Administrative Claims, Professional Claims, Priority Tax Claims, Secured Tax Claims, and Statutory Fees shall be paid in full in cash.

Prepetition Lender Claims of $51 million shall receive 100% of the New Common Stock on the Effective Date. General Unsecured Claims of $2.41 million shall be paid in full in cash. Series C Preferred Interests, Series D Preferred Interests, Series E Preferred Interests, and Common Interests shall be cancelled.

The plan shall be funded through cash in hand and issuance of new common stock.