Exhibit 99.1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In re:
DNIB UNWIND, INC. (f/k/a BIND THERAPEUTICS, INC.),etal.,1
Post-Effective Date Debtors.
| | x : : : : : : x |
| Chapter 11
CaseNo. 16-11084 (BLS)
(Jointly Administered) |
NOTICE OF DISTRIBUTION
PLEASE TAKE NOTICE that (i) on September 14, 2016, the Debtors filed theDebtors’ Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation [Docket No. 415] (the “Plan”),2 (ii) on September 26, 2016, the Bankruptcy Court entered itsFindings of Fact, Conclusions of Law, and Order Confirming Amended CombinedDisclosure Statement and Chapter 11 Plan of Liquidation [Docket No. 457], and (iii) on October 11, 2016, the Plan became effective as set forth in theNotice of Occurrence of Effective Date of Debtors’ Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation[Docket No. 474].
PLEASE TAKE NOTICE that the Trustee of the DNIB Liquidation Trust hereby provides notice that he intends to make an additional distribution to shareholders who timely provided requested tax information to the Trust in the aggregate amount of approximately $4,000,000 on or about May 9, 2018. The per share distribution to shareholders who timely provided the requested tax information to the Trust for the third distribution is approximately
1 | The Post-Effective Date Debtors, together with the last four digits of each Post-Effective Date Debtor’s U.S. federal tax identification number, are: DNIB Unwind, Inc. (f/k/a BIND Therapeutics, Inc.) (6148) and DNIB Subsidiary Corporation (f/k/a BIND Biosciences Security Corporation) (3208). The address for the Post-Effective Date Debtors is c/o Development Specialists, Inc., 333 South Grand Avenue, Suite 4070, Los Angeles, CA 90071. |
2 | Capitalized terms used, but not otherwise defined herein, have the meanings given to them in the Plan. |
$0.25. The total per share distribution to shareholders who timely provided requested tax information to the Trust following the third distribution will be approximately $1.14.
Dated: | April 24, 2018 |
Wilmington, Delaware |
/s/___________________________
RICHARDS, LAYTON & FINGER, P.A.
John H. Knight (No. 3848)
Amanda R. Steele (No. 5530)
Brett M. Haywood (No. 6166)
One Rodney Square
920 North King Street
Wilmington, DE 19801
Telephone: (302)651-7700
Facsimile: (302)498-7701
Email: knight@rlf.com
steele@rlf.com
haywood@rlf.com
- and -
LATHAM & WATKINS LLP
Peter M. Gilhuly (admitted pro hac vice)
Kimberly A. Posin (admitted pro hac vice)
Adam E. Malatesta (admitted pro hac vice)
355 South Grand Avenue
Los Angeles, CA 90071-1560
Telephone: (213)485-1234
Fax: (213)891-8763
Email: peter.gilhuly@lw.com
kim.posin@lw.com
adam.malatesta@lw.com
Counsel for the Trustee of the DNIB Liquidation Trust