Nogin, Inc. filed a plan of reorganization with related disclosure statement in the US Bankruptcy Court on December 18, 2023. As per the plan filed, administrative claims, Priority Tax Claims, professional fees Claims, DIP Claims, Priority Non-Tax Claims, and Other Secured Claims shall be paid in full in cash. Senior Notes Claims of $65.5 million shall be recovered 23.7% i.e., $15.52 million shall be paid on pro rata basis in cash.

General Unsecured Claims shall not receive any distribution. Intercompany Claims shall be reinstated. Equity Interests in Debtor shall be cancelled.

The plan shall be funded through cash in hand and asset sale. Nogin, Inc. filed a modified plan of reorganization with related disclosure statement in the US Bankruptcy Court on January 22, 2024. As per the plan filed, Priority Non-Tax Claims and Other Secured Claims are of $0, Senior Notes Claims are of $67.86 million and General Unsecured Claims are of $35 million.

There are no changes in the treatment of any claim class or sources of plan funding. Nogin, Inc. filed a solicitation version of modified plan of reorganization with related disclosure statement in the US Bankruptcy Court on January 22, 2024. As per the plan filed, there is no change in treatment of any claim class or source of funding.