Starry Group Holdings, Inc. filed third amended plan of reorganization in the US Bankruptcy Court on May 26, 2023. As per the amended plan filed, general administrative claims, US Trustee statutory fees, professional fee claims, priority tax claims, other priority claims, and other secured claims shall be paid in full in cash. DIP Facility of $43 million shall be paid in full in equity and debt.

Prepetition Term Loan Claims shall be paid on pro rata basis in equity, general unsecured claims shall be paid in cash. Intercompany Claims and Intercompany Interests shall be reinstated. Equity Interests shall be cancelled.

The plan shall be funded through cash in hand, rollover exit term loans of $11 million and issuance of common stocks and warrants.