RDX Technologies Corporation filed a plan of reorganization with related disclosure statement in the US Bankruptcy Court on April 4, 2018. As per the plan filed, administrative expenses, US Trustee fees and professional fees of debtor’s counsel will be paid in full in cash. Priority Claims of $3,925.16 will be paid in full in 5 years, in even annual cash payments, commencing one year after the petition date. Litigation unsecured claims of $16.06 million, claims of unsecured trade vendors of $4.18 million and claims of general unsecured creditors of $9.53 million will be paid an aggregate sum of $3.39 million in aggregate on a pro-rata basis. Equity security holders will be cancelled entirety upon the effective date. The plans hall be funded from cash in hand, issuance of 20 million new shares in the reorganized debtor and through capital infusion of $0.50 million from Induction Energy Corporation and $0.15 million from Environmental Technologies Corporation.