Silvergate Capital Corporation (SCC) emerged from Chapter 11 Bankruptcy on March 31, 2026.
The common equity of SCC (ticker: SICP/SICPQ) has been reinstated.
Pursuant to the Chapter 11 Plan, responsibility for the claims of SCC’s creditors (in respect of obligations accrued prior to March 31, 2026) and interests of holders of preferred equity issued by SCC have been transferred to the Argent Liquidation Trust. Such creditors and preferred equity holders should direct any questions regarding the Chapter 11 Plan and the Argent Liquidation Trust to [email protected]
At the time of Emergence, reorganized SCC holds valuable tax, legal, and other assets. The reorganized board & management look forward to updating shareholders further in due course.
Please note that the above is a summary and is qualified in its entirety by reference to the First Amended Joint Chapter 11 Plan (As Modified) of Silvergate Capital Corporation and its Affiliated Debtors filed on March 26, 2026. Please reference the plan (which can be found here) for complete details of SCC’s reorganization.
