Nuvectra Corporation filed a plan of liquidation with related disclosure statement in the US Bankruptcy Court on January 29, 2020. As per the liquidation plan filed, administrative claims, professional fee claims, priority tax claims and other priority claims shall be paid full in the form of cash before the effective date. Secured parties’ claim of $10 million, agree to less favorable treatment, in full and final satisfaction, compromise, settlement, release, and discharge of and in exchange for the secured parties’ claim. Other secured claims has been paid prior to the effective date and will receive in the options of Cash equal to the allowed other secured claim; reinstatement of such holder’s allowed other secured claim; the return or abandonment of the collateral securing such allowed other secured Claim. General unsecured claims shall receive a pro rata distribution of the GUC recovery. Equity interests in the debtor shall be deemed canceled upon the effective date. The plan shall be funded from cash on hand, the sale proceeds, and any other cash received or generated by the debtor.