CalAmp Corporation Receives Confirmation on Prepackaged Chapter 11 Plan
Thursday, 11 July 2024, 22:09
CalAmp Confirms Debt-Equity Swap Plan
California-based cloud technology developer CalAmp Corp. received confirmation of its prepackaged Chapter 11 plan on Thursday after making changes. The U.S. Trustee's Office and U.S. Securities and Exchange Commission sought adjustments to align with recent regulatory rulings.
Compliance with Legal Standards
- Debt-Equity Swap: Key feature of the plan.
- Regulatory Alignment: Reflects recent rulings.
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