The prepackaged Chapter 11 filing is imminent given the RSA milestones. Existing common equity and warrants will be wiped out — holders should expect zero recovery. Monitor the bankruptcy court docket for the plan filing and confirmation timeline. The restructuring support from KED Icon and other majority shareholders makes a consensual outcome likely, but the equity cancellation is definitive.
Price Chart
Executive Summary
KED Icon Holdings, LLC (an affiliate of Koch, Inc.) filed Amendment No. 6 to its Schedule 13D on Getty Images Holdings, Inc., disclosing that on October 12, 2026, the company and its subsidiaries entered into a restructuring support agreement (RSA) for a comprehensive recapitalization through a prepackaged Chapter 11 plan. The plan contemplates an equity commitment of approximately $533 million by majority shareholders (including KED Icon), conversion of secured debt into new debt with extended maturities, retirement of unsecured notes for ~$170.2 million cash, and cancellation of all existing equity — including GETY's Class A common stock and public warrants — with majority shareholders owning 100% of the reorganized company. KED Icon's beneficial ownership is 115,259,246 shares (27.4% of Class A common stock outstanding as of August 6, 2026).
Key Financial Metrics
Key Facts
- KED Icon Holdings, LLC beneficially owns 115,259,246 shares of GETY Class A common stock, representing 27.4% of the 421,018,476 shares outstanding as of August 6, 2026.
- On October 12, 2026, the company entered into a restructuring support agreement (RSA) for a prepackaged Chapter 11 plan.
- The plan includes an equity commitment of ~$533 million by majority shareholders, including ~$158 million capped cash commitment from KED Icon.
- All existing equity interests (Class A common stock and public warrants) will be cancelled with no distribution; majority shareholders will own 100% of the reorganized company.
- Unsecured noteholders will receive ~$170.2 million cash in aggregate; secured funded debt claims not held by majority shareholders convert to new debt.
- The RSA includes a debtor-in-possession financing facility of up to $143 million from KED Icon.
- KED Icon is restricted from transferring its shares under the RSA.
Financial Impact
Existing GETY common equity and public warrants will be cancelled with zero recovery. Majority shareholders commit ~$533 million in new equity; unsecured noteholders receive ~$170.2 million cash. Secured lenders convert to new debt with extended maturities.
Risk Factors
- All existing GETY common equity and public warrants will be cancelled with no distribution — total loss for current public shareholders.
- The RSA could be terminated if milestones are missed or Consenting Stakeholders withdraw, potentially leading to a contested Chapter 11.
- Delayed-draw term loans under the DIP facility could convert into New Preferred Interests, further diluting the reorganized company's equity structure.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001193125-26-420539 |
| Document: 0001193125-26-420539-index.html | 0001193125-26-420539 |
| Document: 0001193125-26-420539.txt | 0001193125-26-420539 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $0.0190 | awaiting T+20 | — | $0.0290 (−52.63%) |
Oct 13, 2026 14d ago | SC 13D/A | $0.0829 | awaiting T+20 | — | $0.0290 (+65.02%) |
Oct 13, 2026 14d ago | SC 13D/A | $0.0829 | awaiting T+20 | — | $0.0290 (+65.02%) |
Oct 13, 2026 14d ago | 8-K | $0.0829 | awaiting T+20 | — | $0.0290 (+65.02%) |
Oct 2, 2026 25d ago | 25-NSE | $0.0829 | awaiting T+20 | — | $0.0290 (+65.02%) |
Sep 30, 2026 27d ago | 8-K | $0.0829 | awaiting T+20 | — | $0.0290 (−65.02%) |
Aug 31, 2026 8w ago | 8-K | $0.2354 $0.0829 | ▲ +64.78% | ▲ +64.89% | $0.0290 (+87.68%) |
Aug 10, 2026 11w ago | 8-K | $0.2878 $0.2601 | ▲ +9.62% | ▲ +8.57% | $0.0290 (+89.92%) |
Jul 23, 2026 13w ago | Press Release | $0.4401 $0.2637 | ▼ −40.08% | ▼ −43.71% | $0.0290 (−93.41%) |
Jul 7, 2026 16w ago | 8-K | $0.8461 $0.4776 | ▲ +43.55% | ▲ +46.71% | $0.0290 (+96.57%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers