JLM Couture, Inc. filed a subchapter V plan of reorganization with related disclosure statement in the US Bankruptcy Court on January 2, 2024. As per the plan filed, administrative claims of $0.16 million, Professional claims of $0.04 million, Priority tax claims of $0.04 million, and Secured Claims shall be paid full in cash. General Unsecured Claims of $1.95 million shall receive its Pro Rata Share in quarterly installments in cash.

Equity Interest Holders shall have such Interest Reinstated. The plan shall be funded through cash in hand.