Virgin Orbit Holdings, Inc. filed first amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on June 6, 2023. As per the amended plan filed, other priority claims of $0.10 million, other secured claims of $2 million shall be paid in full in cash. Prepetition secured notes claims of $28.4 million will receive no distribution.

General unsecured claims of $115 million shall be recovered in 0.24% in cash. No distribution shall be paid towards equity interests of $392.5 million and warrants of $14.9 million. There is no more change in the treatment of any other claim class.