Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GPOR | Common Stock | Disposed to Issuer | $0 | -188K | -100% | $0.00* | 0 | May 17, 2021 | Direct | F1, F2 |
Id | Content |
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F1 | On November 13, 2020, Gulfport Energy Corporation, a Delaware corporation (the "Issuer"), and certain of its subsidiaries (together with the Issuer, the "Company") commenced voluntary cases under chapter 11 of the United States Bankruptcy Code in the United State Bankruptcy Court for the Southern District of Texas, Houston Division (the "Bankruptcy Court"). On April 28, 2021, the Bankruptcy Court entered an order (the "Confirmation Order") confirming the Amended Joint Chapter 11 Plan of Reorganization of Gulfport Energy Corporation and Its Debtor Subsidiaries (the "Plan"). On May 17, 2021 (the "Effective Date"), the Plan became effective in accordance with its terms and the Company emerged from chapter 11. |
F2 | On the Effective Date, all outstanding shares of the Issuer's common stock were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court. |