The US Bankruptcy Court approved the second amended plan of reorganization of Emergent Capital, Inc. on December 30, 2020. The debtor has filed its second amended joint plan of reorganization in the US Bankruptcy Court on December 18, 2020. As per the amended plan, administrative expense claims, priority tax claims, professional fee claims and general unsecured claims shall be paid in full in cash. Each holders of senior secured notes claims shall receive its pro rata share of the new series A notes and the Debtor shall pay in full in cash all outstanding senior secured notes trustee fees. Each holders of convertible unsecured notes claims shall receive its pro rata share of the new series B notes and the Debtor shall pay in full in cash all outstanding senior secured notes trustee fees. The existing equity interests in the debtor shall be canceled and extinguished as of the effective date. The plan shall be funded through cash on hand, new series A notes and new series B notes.