Molekule Group, Inc. filed an amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on October 30, 2023. As per the plan filed, Allowed SVB Senior Secured Claim are of $4.46 million. DIP Claim of $3 million shall be paid in cash.

Molekule Group, Inc. filed a modified amended disclosure statement in the US Bankruptcy Court on November 1, 2023. As per the disclosure statement filed, there is no change in treatment of any other claim class or source of funding. Molekule Group, Inc. filed a modified first amended plan of reorganization in the US Bankruptcy Court on December 20, 2023.

As per the plan filed, allowed SVB and SVBC Mezzanine Secured Claims shall be allowed in the amount of $5 million each, and shall receive 18.5% of the new equity interests in the reorganized debtor. In addition, each holder of an SVB and SVBC claim shall have an allowed general unsecured claim in the amount of $10.91 million each. There are no other changes in the treatment of any claim class or sources of plan funding.