Achaogen, Inc. and the official committee of unsecured creditors jointly filed a plan of liquidation with related disclosure statement in the US Bankruptcy Court on March 30, 2020. As per the plan filed, administrative claims, allowed section 503(b)(9) claims of $0.46 million, allowed administrative tax claims, priority tax claims, priority non-tax claims and professional claims shall be paid in full in cash. DIP facility claims of $24 million and prepetition term loan secured claim will be recovered 44% in the form of cash. General unsecured claims of $48.80 million shall recover 5% in the form of cash. Equity interests shall not receive or retain any property or interest in property under the plan. The plan shall be funded through cash and sale of assets.