Tix Corporation, along with its affiliate, filed a plan of reorganization in the US Bankruptcy Court on November 22, 2021. As per the plan filed, administrative claims, professional fee claims, priority tax claims, priority non-tax claims, shall be paid in full in cash. Super-priority DIP claims of $0.83 million shall be paid in full from the sale proceeds upon the closing of the sale or be deemed satisfied by the DIP lender credit bidding such claims and being selected as the buyer of the acquired assets.

General unsecured claims shall receive its pro rata share of cash. Interest in Tix Corp. and Tix4Tonight shall not receive any distribution under the plan and shall be cancelled.

The plan shall be funded through cash and sale of assets.