NanoString Technologies, Inc., along with its affiliates, filed a joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on April 15, 2024. As per the plan filed, Administrative Claims, Professional Fee Claims, Priority Tax Claims, U.S. Trustee Fee Claims, DIP Claims, Prepetition First Lien Secured Claims, Other Secured Claims, and Priority Non-Tax Claims shall be paid in full in cash. General Unsecured Claims shall receive its pro rata share in cash.

Prepetition Noteholder Unsecured Subordinated Claims of $43.41 million shall receive the remaining General Unsecured Claim Distribution, if any, after satisfaction in full of the Allowed General Unsecured Claims. Intercompany Claims shall be reinstated and shall receive no distribution. Other Subordinated Claims shall not receive or retain, any property or interest in property under the Plan. Interests shall be cancelled.

The plan shall be funded cash in hand and asset sale of $392.60 million.