Orbital Infrastructure Group, Inc., along with its affiliates, filed a combined joint plan of liquidation with related disclosure statement in the US Bankruptcy Court on October 16, 2023. As per the plan filed, administrative expense claims, priority tax claims, U.S. trustee fees, professional fee claims and other priority claims shall be paid in full in cash. Other secured claims shall either be paid in cash or delivered collateral securing such claim.

General unsecured claims of $91.34 millions shall be recovered 8.3% and subordinated claims shall receive pro rata share of shares in liquidating interest. Intercompany claims, intercompany interests and interests in orbital shall be cancelled without distribution. The plan shall be funded from available cash and sale of assets.

Orbital Infrastructure Group, Inc., along with its affiliates, filed solicitation version of combined joint plan of liquidation with related disclosure statement in the US Bankruptcy Court on October 20, 2023. As per the plan filed, there is no change in treatment of any claim class or source of funding.