Invitae Corporation, along with affiliates, filed a joint plan of liquidation with related disclosure statement in the US Bankruptcy Court on May 9, 2024. As per the plan filed, administrative claims, professional fee claims, priority tax claims, restructuring expenses, other secured claims, other priority claims, shall be paid in full in cash. 2028 Senior Secured Notes Claims of $305.4 million shall receive its pro rata share of cash, following payment in full of other secured claims, other priority claims, convenience class claims and subsidiary unsecured claims. Convenience class claims of $6.90 million shall be paid in full in cash.

Subsidiary unsecured claims of $6.4 million shall be paid in full in cash. Parent unsecured claims of $1,183.7 million shall receive its pro rata share of cash. Intercompany claims and intercompany interests shall be reinstated.

Section 510(b) Claims and Equity Interests shall be cancelled. Contingent subsidiary unsecured claims shall receive its pro rata share of cash. The plan shall be funded though cash and sale of assets.