Legacy IMDBS, Inc. filed a joint plan of liquidation with related disclosure statement in the US Bankruptcy Court on October 27, 2023. As per the plan filed, administrative claims, statutory fees, priority tax claims, other priority claims, professional fee claims, secured tax claims and other secured claims shall be paid in full in cash. Section 510(b) Claims shall be cancelled.

Intercompany claims and intercompany interests shall be reinstated. Interests in Legacy IMBDS shall be cancelled. Unsecured Claims shall be recovered 2% in cash.

The plan shall be funded through cash in hand and sale of assets. Legacy IMDBS, Inc. filed revised combined joint plan of liquidation with related disclosure statement in the US Bankruptcy Court on October 27, 2023. As per the revised plan filed, there is no change in the treatment of any claim class.

Legacy IMDBS, Inc. filed second revised combined joint plan of liquidation with related disclosure statement in the US Bankruptcy Court on November 1, 2023. As per the revised plan filed, there is no change in the treatment of any claim class. Legacy IMDBS, Inc. filed solicitation version of combined joint plan of liquidation with related disclosure statement in the US Bankruptcy Court on November 2, 2023.

As per the revised plan filed, there is no change in the treatment of any claim class. Legacy IMDBS, Inc., along with its affiliates, filed a combined third revised plan of liquidation with related disclosure statement in the US Bankruptcy Court on December 20, 2023. As per the revised plan filed, there are no changes in treatment of any claim class or sources of plan funding.