Omagine, Inc., along with its affiliate, filed a fifth amended joint plan of reorganization and related disclosure statement in the US Bankruptcy Court on June 27, 2022. As per the plan filed, there is no measure change in the treatment of any claim class. Debtor along with its affiliate, filed a modified fifth amended joint plan of reorganization and related disclosure statement in the US Bankruptcy Court on October 30, 2022.

As per the modified fifth amended joint plan filed, there is no change in the treatment of any claim class.