RDX Technologies Corporation filed a plan of reorganization with related disclosure statement in the US Bankruptcy Court on July 10, 2023. As per the plan filed, administrative expenses, professional fees of $0.06 million, shall be paid in full in cash. Priority claims shall receive payment in 5 years in even annual cash payments, commencing one year after the petition date.

Secured claim Of Quantum of $0.35 million shall be fully amortized in equal payments of principal and interests for 84 months from the effective date, with interest accruing at the rate of 6% per annum. General unsecured creditors shall receive its pro rata share of net distributable cash. Interests of equity security holders shall be cancelled.

The plan shall be funded though cash in hand.