The US Bankruptcy Court approved the first amended pre-packaged joint plan of reorganization with related disclosure statement of Sunlight Financial Holdings Inc. on December 5, 2023. The debtor has filed its amended plan in the Court on December 1, 2023. As per the amended plan, Administrative Expense Claims, Fee Claims, Priority Tax Claims, Other Priority Claims, Payment of Restructuring Expenses and Other Secured Claims shall be paid in full in cash.

CRB Claims shall be recovered 85.2% in cash and equity. General Unsecured Claims and Intercompany Claims shall be reinstated. Existing Interests shall be cancelled, and Intercompany Interests shall be reinstated.

The plan shall be funded through cash in hand and issuance of equity stock.