SmileDirectClub, Inc. filed a plan of reorganization with related disclosure statement in the US Bankruptcy Court on October 30, 2023. As per the plan filed, Administrative Claims, DIP Claims of $30 million, Professional Fee Claims, Payment of Restructuring Expenses and Priority Tax Claims shall be paid in full in cash. General Unsecured Claims, Other Secured Claims, Convertible Notes Claims, Other Priority Claims shall be paid in pro rata basis in cash.

Intercompany Interests and Intercompany Claims shall be reinstated. Interests shall be cancelled. The plan shall be funded through cash in hand and new common stock.