The US Bankruptcy Court approved the modified first amended joint plan of reorganization of Invacare Corporation on April 28, 2023. The debtor has filed its modified first amended plan in the Court on April 28, 2023. As per the amended plan, General Administrative Claims, Professional Claims, DIP Claims, Priority Tax Claims, Other Priority Claims of $0, Other Secured Claims of $2.1 million and U.S. Trustee Fees shall be paid full in cash before the effective date.

Term Loan Claims of $55.6 million, and Secured Notes Claims $41.5 million shall receive on the Effective Date (i) with respect to Allowed Term Loan Claims representing principal amounts owed, its Pro Rata share of the Exit Term Loan Facility and (ii) with respect to all other Allowed Term Loan Claims, payment in full in Cash. Unsecured Notes Claims of $222.98 million expected recovery of 3.6% – 3.9% and General Unsecured Claims of $60 million with expected recovery of 3.6% - 5% shall receive, in full and final satisfaction, settlement, release and discharge of and in exchange for each Allowed Unsecured Notes Claim, its Pro Rata share of the Unsecured Noteholder Rights, in accordance with the Rights Offering Procedures; and with respect to any Residual Unsecured Notes Claims, its share of 100% of the New Common Equity and the distributions in respect of its Litigation Trust Interests. Intercompany Claims of $146.10 million and Intercompany Interests shall be Reinstated.

Existing Equity Interests, and Section 510(b) of $0 Claims shall be Cancelled. The plan shall be funded through the issuance of the New Preferred Equity; the issuance of the New Common Equity; the proceeds of the Rights Offering; the issuance of or borrowings under the Exit Facilities; and Cash on hand.