The US Bankruptcy Court approved the first amended plan of reorganization of NanoString Technologies, Inc. on June 18, 2024. The debtor has filed its first amended plan in the Court on May 22, 2024. As per the amended plan, administrative claims, US Trustee fee claims, professional fee claims, priority tax claims, priority non-tax claims of $0.06 million, DIP Claims of $142.50 million, General Unsecured Claims of $224.01 million and Prepetition First Lien Secured Claims of $25 million shall be paid in full in cash.

Prepetition Noteholder Unsecured Subordinated Claim of $43.41 million shall be recovered 94.8% in cash. Interests shall be cancelled. The plan shall be funded through cash in hand and sale of assets.