Avaya Holdings Corp has filed a Registration Statement on Form 10 with the US Securities and Exchange Commission (SEC) to register its common stock under the Securities Exchange Act of 1934, 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 Bankruptcy Protection as a publicly listed company, as contemplated in its ‘Plan of Reorganisation'.
"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 Reorganisation is scheduled to commence on November 28, 2017.