Bankruptcy Court for the Southern District of Texas, Houston Division, became effective on February 28, 2017 (the "Effective Date").
The Warrants have an exercise price of $42.04 per share, as the same may be adjusted pursuant to the terms of the Warrants, and a term of four years, unless terminated earlier by their terms upon the consummation of certain business combinations or sale transactions involving the Company.
Each of the foregoing common equity percentages in the reorganized Company is subject to dilution from the exercise of the Warrants described above and a management incentive plan ("MIP").
The New Common Shares are scheduled to begin trading on the New York Stock Exchange under the ticker symbol "SGY" at the open of trading hours on March 1, 2017.
Bankruptcy Court for the Southern District of Texas in Houston on December 14, 2016.