“‘Equitization’ means, if the Sale Process does not result in the sale of all or substantially all of the assets of Genesis, a restructuring under the Amended Plan pursuant to which the GGC Creditors will receive, among other things, one hundred percent (100%) of the equity in reorganized GGH, subject to dilution by a management incentive program that may be implemented with the approval of the Bankruptcy Court, upon notice and hearing,” the filing said.
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- Source: https://www.coindesk.com/business/2023/02/10/genesis-unveils-proposed-sale-plan-with-dcg-bankruptcy-creditors/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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