EXPRESS, INC.

Form Type: 10-K

Filing Date: 2024-12-31

Corporate Action: Bankruptcy

Type: New

Accession Number: 000148351024000014

Comments: EXP OldCo Winddown, Inc. filed for Chapter 11 bankruptcy on April 22, 2024. The filing indicates the commencement of a process to wind down its operations following the confirmation of a joint plan of reorganization by the Bankruptcy Court on December 17, 2024. The plan outlines the distribution of proceeds from a going-concern sale transaction and the further dissolution of the Debtors' estates. The document emphasizes that after the implementation of the plan, stockholders will not receive any recovery on their shares, leading to a complete loss on their investment. The company anticipates the plan will be effective by December 31, 2024, and has already ceased all operations apart from those related to the wind-down process. The report is filed to comply with SEC obligations despite the company previously terminating its stock's registration under the Exchange Act.

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