The US Bankruptcy Court approved the amended combined plan of liquidation and disclosure statement of Enjoy Technology, Inc. on December 14, 2022. The debtor has filed its amended plan in the Court on December 9, 2022. As per the amended plan administrative expense claims, payment of statutory fees, DIP loan agreement claims of $55 million, priority tax claims, professional claims will be paid in full in cash.

general unsecured claims are between $26.25 million and $26.75 million with expected recovery between 46% and 64% and unsecured note claim of $10.14 million will be expected to recover between 0% and 31% in cash. Insured Claims will be paid on pro rata basis in cash. EJY equity interests shall be cancelled, and intercompany equity interests shall be reinstated.

The plan shall be funded through cash in hand and sale of assets of $110 million.