Bankruptcy: CrowdOut Credit Opportunities Fund LLC
Form Type: SCHEDULE 13D/A
Filing Date: 2025-01-22
Corporate Action: Bankruptcy
Type: Update
Accession Number: 000114036125001646
Filing Summary: This Amendment No. 1 amends the Schedule 13D previously filed regarding the Common Stock of Vertex Energy, Inc. It discusses the background of the Chapter 11 filing made by the Company Parties on September 24, 2024, and the confirmation of the Chapter 11 plan by the Bankruptcy Court on December 20, 2024. The plan became effective on January 21, 2025, at which point all existing shares of Common Stock, warrants, and other equity instruments were cancelled. In accordance with the plan, new common equity interests were issued to holders of allowed claims. Following this restructuring, all parties involved, including CrowdOut Credit Opportunities Fund LLC, ceased to beneficially own any shares of Common Stock of the Issuer. The recent transactions have resulted in the completion of the plan and the emergence of the Company from bankruptcy.
Additional details:
Item 4 Restructuring Support Agreement: Amendment includes details regarding the Chapter 11 Cases and confirmation of the restructuring plan.
Effective Date: Plan became effective on January 21, 2025.
Item 5 Beneficial Ownership: As of January 21, 2025, the Reporting Persons owned 0 shares of Common Stock.
Item 6 Contracts Relationships: There are no contracts or relationships regarding securities of the Issuer except as described in the document.
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