Tricida, Inc. filed a plan of liquidation with related disclosure statement in the US Bankruptcy Court on January 18, 2023. As per the plan filed, administrative claims, US trustee statutory fees, professional fee claims, priority tax claims, other priority claims of $0.05 million and consenting noteholder fees and expenses shall be paid in full in cash. Noteholder Claims of $201.06 million will be recovered 8%, i.e., $16.08 million in cash.

General Unsecured Claims of $14.74 million will be recovered 8%, i.e., $1.18 million in cash and De Minimus Unsecured Claims of $0.06 million shall be recovered 50%, i.e., $0.03 million in cash. Equity interests shall be cancelled. The plan will be funded through cash in hand and sale of assets.