Enjoy Technology, Inc. filed a plan of liquidation with related disclosure statement in the US Bankruptcy Court on October 14, 2022. As per the plan filed, 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 of $31.75 million will be recovered 38%, i.e., $12.07 million in cash and unsecured note claim of $10.14 million will be recovered 25%, i.e., $2.54 million 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.

Enjoy Technology, Inc. filed a modified combined plan of liquidation and disclosure statement in the US Bankruptcy Court on October 27, 2022. As per the plan filed, general unsecured claims are between $26.25 million and $26.75 million with expected recovery between 46% and 64%. Unsecured note claim are expected to recover between 0% and 31%.

There are no changes in the treatment of any other claim class or sources of plan funding. Enjoy Technology, Inc. filed second modified combined plan of liquidation and disclosure statement in the US Bankruptcy Court on November 1, 2022. As per the plan filed, there is no change in treatment of any claim class or source of funding.

Enjoy Technology, Inc. filed solicitation version of second modified combined plan of liquidation and disclosure statement in the US Bankruptcy Court on November 1, 2022. As per the plan filed, there is no change in treatment of any claim class or source of funding.