GoHealth (OTC: GOCOQ) shareholders lose stock for cash pool in Chapter 11
Rhea-AI Filing Summary
GoHealth, Inc. underwent a prepackaged Chapter 11 plan of reorganization that became effective on July 21, 2026. Under this plan, all outstanding shares of Class A common stock, restricted stock, restricted stock units, and any other equity rights were cancelled and discharged and are of no force and effect. Holders of these interests, including the Centerbridge-affiliated reporting persons, received their pro rata share of an approximately $10.3 million cash equity recovery pool. Following this restructuring, the reporting persons now report 0 shares beneficially owned and 0% of the class, reflecting a complete exit from GoHealth’s equity.
Positive
- None.
Negative
- All GoHealth Class A common stock and equity rights cancelled in Chapter 11, with holders receiving only a pro rata share of an approximately $10.3 million cash equity recovery pool, indicating a substantial loss of prior equity value.
Key Figures
Cash equity recovery pool: $10.3 million
Beneficial ownership after plan: 0.00 shares
Percent of class after plan: 0 %
+2 more
5 metrics
Cash equity recovery pool
$10.3 million
Pro rata cash recovery to holders of GoHealth equity interests under the Chapter 11 plan
Beneficial ownership after plan
0.00 shares
Each reporting person’s Class A common stock beneficial ownership following plan effectiveness
Percent of class after plan
0 %
Class A common stock percentage held by each reporting person after reorganization
Chapter 11 filing date
June 7, 2026
Date voluntary Chapter 11 petitions were filed in the Bankruptcy Court
Plan Effective Date
July 21, 2026
Date the prepackaged Chapter 11 plan became effective and equity was cancelled
Key Terms
prepackaged Chapter 11 plan of reorganization, Effective Date, Allowed GoHealth Holding Interests, cash equity recovery pool
4 terms
prepackaged Chapter 11 plan of reorganization regulatory
"filed voluntary petitions ... to implement a prepackaged Chapter 11 plan of reorganization"
Effective Date regulatory
"The Plan became effective on July 21, 2026 (the "Effective Date")."
The effective date is the specific calendar day when a contract, regulatory action, corporate change, or financial disclosure officially begins to apply and take legal or operational effect. For investors, it marks the moment rules, obligations, ownership, pricing, or reporting change—similar to the exact minute a light switch is flipped—so it determines when rights, liabilities, or market impacts start and which periods or transactions are affected.
Allowed GoHealth Holding Interests regulatory
"holders of Class A common stock and other Allowed GoHealth Holding Interests ... received"
cash equity recovery pool financial
"received their pro rata share of an approximately $10.3 million cash equity recovery pool."
FAQ
What did the GOCOQ Schedule 13D/A amendment disclose about Centerbridge’s ownership?
It disclosed that Centerbridge-affiliated reporting persons now beneficially own 0 shares and 0% of GoHealth’s Class A common stock. This followed a Chapter 11 plan that cancelled all existing equity and replaced it with a limited cash recovery.
What is the $10.3 million cash equity recovery pool mentioned for GOCOQ?
It is an approximately $10.3 million pool of cash distributed pro rata to holders of GoHealth equity interests. Those interests, including Class A common stock and restricted units, were cancelled under the Chapter 11 plan, and this pool represents the cash recovery in place of prior equity.
When did GoHealth’s Chapter 11 reorganization become effective for GOCOQ investors?
The prepackaged Chapter 11 plan became effective on July 21, 2026, defined as the Effective Date. On that date, all outstanding GoHealth equity interests were cancelled, and eligible holders received their share of the $10.3 million cash equity recovery pool.
AI-generated analysis. How Rhea-AI works. Not financial advice.
