Inotiv, Inc. (NOTVQ) wipes out common stock in Chapter 11 reorg
Rhea-AI Filing Summary
Inotiv, Inc. director Nigel Brown reported a restructuring-related disposition of 104,929 shares of common stock. Under the confirmed Amended Joint Prepackaged Chapter 11 Plan of Reorganization, which became effective on July 19, 2026, all outstanding common shares and other equity interests were canceled for no consideration, leaving him with zero reported holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 104,929 shares
Net Sell
1 txn
Insider
Brown Nigel
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 104,929 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (1)
- F1. The Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Inotiv, Inc. and its Affiliated Debtors (the "Plan") under Chapter 11 of the Bankruptcy Code was confirmed by the United States Bankruptcy Court for the Southern District of Texas, Houston Division, on July 14, 2026, and became effective on July 19, 2026. On the effective date of the Plan, all outstanding common shares and other equity interests of Inotiv, Inc. were canceled for no consideration.
Key Figures
Common shares disposed: 104,929 shares
Transaction price per share: $0.0000
Holdings after transaction: 0 shares
+2 more
5 metrics
Common shares disposed
104,929 shares
Shares of common stock affected by restructuring on July 19, 2026
Transaction price per share
$0.0000
Common shares canceled for no consideration under Chapter 11 plan
Holdings after transaction
0 shares
Total Inotiv common stock reported following the cancellation
Plan confirmation date
July 14, 2026
Chapter 11 plan confirmed by U.S. Bankruptcy Court
Plan effective date
July 19, 2026
Date all outstanding common shares and equity interests were canceled
Key Terms
Amended Joint Prepackaged Chapter 11 Plan of Reorganization, Bankruptcy Code, effective date, canceled for no consideration
4 terms
Amended Joint Prepackaged Chapter 11 Plan of Reorganization regulatory
"The Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Inotiv, Inc."
Bankruptcy Code regulatory
"under Chapter 11 of the Bankruptcy Code was confirmed"
A bankruptcy code is the set of laws and rules that govern what happens when an individual or company cannot pay its debts, laying out options like reorganizing the business, selling assets, and the order in which creditors are paid. For investors, it matters because the code determines how much of their investment can be recovered, who gets priority on claims, and whether ownership or control may change — like a rulebook that decides how the pieces are divided and reassembled.
effective date regulatory
"and became effective on July 19, 2026."
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.
canceled for no consideration financial
"all outstanding common shares and other equity interests ... were canceled for no consideration."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Inotiv (NOTVQ) director Nigel Brown report in this Form 4?
Nigel Brown reported that 104,929 shares of Inotiv common stock were disposed of in a restructuring. The Chapter 11 reorganization plan canceled all outstanding common shares for no consideration, resulting in Brown having zero reported common stock holdings after the effective date.
When did Inotiv (NOTVQ)'s Chapter 11 plan become effective?
The Chapter 11 reorganization plan became effective on July 19, 2026. On this effective date, all outstanding Inotiv common shares and other equity interests were canceled for no consideration, triggering the restructuring-related disposition reported in Nigel Brown’s Form 4.
Which court confirmed Inotiv (NOTVQ)'s Chapter 11 reorganization plan?
The plan was confirmed by the United States Bankruptcy Court for the Southern District of Texas, Houston Division. Court confirmation occurred on July 14, 2026, and the plan later became effective on July 19, 2026, when all outstanding common shares were canceled.