Sunlight Financial Holdings Inc. filed a pre-packaged plan of reorganization with related disclosure statement in the US Bankruptcy Court on October 31, 2023. As per the plan filed, 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.

Sunlight Financial Holdings Inc. filed revised version of pre-packaged plan of reorganization in the US Bankruptcy Court on November 1, 2023. As per the modified plan filed, there is no change in the treatment of any claim class. Sunlight Financial Holdings Inc. filed non-material revisions disclosure statement in the US Bankruptcy Court on November 2, 2023.

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