The US Bankruptcy Court approved the first amended plan of liquidation of Tix Corporation on February 07, 2022. The debtor has filed its amended plan in the Court on January 19, 2022. As per the amended plan, administrative claims, professional fee claims, priority tax claims, priority non-tax claims, shall be paid in full in cash.

Super-priority DIP claims of $0.83 million shall be paid 100% from the sale proceeds upon the closing of the sale or be deemed satisfied by the DIP lender credit bidding such claims and being selected as the buyer of the acquired assets. General unsecured claims shall receive its pro rata share of cash. Interest in Tix Corp.

and Tix4Tonight shall not receive any distribution under the plan and shall be cancelled. The plan shall be funded through cash of $0.36 million and sale of assets.