Avaya Holdings Corp. announced that it has filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission (SEC) to register its common stock under the Securities Exchange Act of 1934, as amended (the Act), a requirement for the company’s stock to trade on a national securities exchange. The filing was made in connection with Avaya’s intent to emerge from chapter 11 as a publicly listed company, as contemplated in its Plan of Reorganization.
“Today’s filing marks another important step toward Avaya’s successful emergence from chapter 11,” said Jim Chirico, President and Chief Executive Officer. “Our registration statement lays the groundwork for us to begin building our next chapter as a publicly traded company. Once it is effective, Avaya will become a reporting company, which will provide transparency to our various stakeholders—with a goal of communicating the strength of our business, the growth opportunities we see ahead and the long-term value we seek to create for our new stockholders.”
A hearing to consider confirmation of Avaya’s Plan of Reorganization is scheduled to commence on November 28, 2017. – Communications Today Bureau