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Genesis Unveils Proposed Sale Plan With DCG, Bankruptcy Creditors

by Index Investing News
February 11, 2023
in Cryptocurrency
Reading Time: 1 min read
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“‘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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