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STRŌMA COMPLETES CHAPTER 11 REORGANIZATION
September 28, 2026, by Stroma Medical Corporation
Stroma Medical Corporation (“Strōma”) has completed its reorganization, with its court-approved plan taking effect today. The United States Bankruptcy Court for the District of Delaware confirmed the plan on September 10, 2026, in the Company’s Subchapter V Chapter 11 case.
General unsecured creditors, the only class entitled to vote on the plan, voted to accept it, with no votes cast in opposition. All other classes, including shareholders, were unimpaired under the plan.
The confirmed plan provides for continued operations under existing management, and shareholders retain their existing equity interests. Shareholders are not required to take any action. Shares remain outstanding and unchanged, and the plan does not alter the number of shares outstanding or the rights attaching to them. The plan does not provide for the issuance of any new securities.
The Chapter 11 filing was undertaken to preserve operating capital while resolving a lawsuit and a related insurance coverage dispute. The lawsuit was brought against the Company in 2020 by a former consultant and noteholder and resulted in a judgment entered in October 2025. The judgment claim is resolved under the confirmed plan. The insurance coverage matter remains pending.
The Court’s confirmation order, with the confirmed plan attached, is available at www.stromamedical.com/order.pdf. The linked materials are exact copies of documents filed in the Company’s Chapter 11 case, In re Stroma Medical Corporation, Case No. 25-12169 (JKS) (Bankr. D. Del.).
Press inquiries may be directed to press@stromamedical.com.
This announcement is provided for general informational purposes only. It describes actions taken by the Court and the terms of documents filed in the Company’s Chapter 11 case. Nothing in this announcement is intended to express a view on the merits of any claim or defense in the underlying lawsuit or the pending insurance coverage matter. This announcement speaks only as of its date, and the Company undertakes no obligation to update it. This announcement is not an offer to sell or a solicitation of an offer to buy any security.