Aerospace and Defense
Company Overview of Valley Forge Composite Technologies Inc.
Valley Forge Composite Technologies, Inc., through its subsidiaries, develops, manufactures, and markets detection systems primarily in the United States. The company offers THOR LVX, a photonuclear detection system; and ODIN, a passenger weapons scanning device. These products consist of detection capability for illicit narcotics, explosives, and bio-chemical weapons using photo-nuclear reactions to initiate secondary gamma quanta the result of which is a signal identifying each component of a substance. It also engages in the design and manufacture of attitude control instruments for small satellites. Valley Forge Composite Technologies, Inc. was founded in 1996 and is headquartered in Cov...
50 East River Center Boulevard
Covington, KY 41011
Founded in 1996
Key Executives for Valley Forge Composite Technologies Inc.
Valley Forge Composite Technologies Inc. does not have any Key Executives recorded.
Valley Forge Composite Technologies Inc. Key Developments
Third Amended Reorganization Plan and Disclosure Statement Filed by Valley Forge Composite Technologies Inc.
Aug 13 14
Valley Forge Composite Technologies, Inc. filed third amended plan of reorganization and related disclosure statement in the US Bankruptcy Court on August 13, 2014. As per the amended plan, General unsecured claims of $4 million will be paid in full in cash and the holders of interests in the debtor will get a pro-rata portion of a 56% interest in the liquidation trust which could increase to 95% if Avior elects to be paid in cash. Also, the DIP lender will be provided with the opportunity to elect between repaid the amount of the DIP Loan or to receive a 39% interest in funds from the Liquidation Trust.
Second Amended Reorganization Plan & Related Disclosure Statement Filed by Valley Forge Composite Technologies Inc.
Jun 17 14
Valley Forge Composite Technologies, Inc. filed second amended plan of reorganization and related disclosure statement in the US Bankruptcy Court on June 17, 2014. As per the amended plan, DIP Claims has been estimated at $0.45 million. General unsecured claims will get pro-rata portion of a 15% interest in the liquidation trust. Litigation Defendant Claims of $4 million will get no distribution under the plan. Interest holders will transfer their interest in the liquidation trust and will get payment after all the other classes of claims get paid. On the effective date, Avior will make payment of $0.50 million less any amount already paid under the DIP facility. Treatment of all the other classes of claims remains same as per the previous plan.
SEC Revokes Registration Of Registered Securities Of Valley Forge Composite Technologies
May 8 14
An Administrative Law Judge has issued an Initial Decision of Default as to Valley Forge Composite Technologies, Inc. The Initial Decision found that the company was issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and the company failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and/or 13a-13 by not filing required periodic reports with the Securities and Exchange Commission (SEC). The Initial Decision finds these allegations to be true and revokes the registration of each class of the company’s registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.
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