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Get filing alertsRisk Profile Improvements
- Delisting (new) — Common shares delisted from Nasdaq effective October 6, 2025, following bankruptcy filing; now trade OTC with limited liquidity.
- Going Concern (worsened) — Going concern disclosure now explicitly cites Chapter 11 filing as a cause, escalating from prior period's warning about upcoming maturities and limited financing alternatives.
OPI emerges from Chapter 11 with $700M debt cut, existing shares cancelled
Filed May 22, 2026 · Period ending December 31, 2025 · Compared to 10-K Feb 13, 2025 · ~2 min read
Key Changes
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Bankruptcy Court confirmed reorganization plan April 22, 2026, reducing debt ~$700M via debt-to-equity conversions and new secured notes; existing common shares cancelled with zero recovery.
Business: confirmed reorganization plan verify on EDGAR → -
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Common shares delisted from Nasdaq October 6, 2025; now trade OTC Expert Market with limited liquidity ahead of cancellation upon Plan effectiveness.
Business: Nasdaq delisting verify on EDGAR → -
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September 2029 Notes convert to $300M in 10% secured notes due 2031 plus recovery pool; March 2027 Notes convert to $385M in 8.375% notes due 2029; 2030 Notes convert to 100% reorganized equity.
Business: debt restructuring and creditor treatment verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 25, 2026 11:29 AM