RestructuringJul 16, 2026, 06:07 AM
Inotiv Reorganization Plan Confirmed; Existing Equity Wiped Out
AI Summary
Inotiv, Inc. announced that the Bankruptcy Court confirmed its Plan of Reorganization on July 14, 2026, marking a critical milestone in its financial restructuring. While the company expects to emerge from Chapter 11 shortly as a private entity with a strengthened balance sheet, all existing 35,172,908 common shares will be canceled, and current equity holders will receive no value. New equity and warrants will be issued to prepetition lenders.
Key Highlights
- Inotiv's Plan of Reorganization confirmed by Bankruptcy Court on July 14, 2026.
- Existing 35,172,908 common shares will be canceled on the Plan Effective Date.
- Existing equity holders will receive no distribution or value for their interests.
- New equity of 5,100,000 shares to be issued to prepetition lenders.
- Warrants for an additional 630,337 new equity interests will also be issued.
- Company expects to emerge from Chapter 11 as a private entity.
- Aims to emerge well-capitalized with a significantly strengthened balance sheet.
Price Impact
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