Celsius Network recently took to Twitter to announce a major milestone in its bankruptcy journey. In a series of tweets, the company shared the news of its Plan of Reorganization receiving court confirmation, following a successful creditor voting process. This announcement marks a significant step forward in Celsius Network’s efforts to navigate through bankruptcy and restructure its operations.
The company revealed that over 95% of voting creditors were in favor of the Plan, highlighting the strong support from its stakeholders. This overwhelming endorsement is a testament to the confidence creditors have in the company’s ability to recover and move forward successfully. As per Celsius Network’s tweets, the company is now geared up to implement the Plan and is expected to emerge from Chapter 11 in early 2024. This development is not just a win for the company but also for its customers who have been anticipating a resolution.
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