SIDLEY AUSTIN LLP

Samuel A. Newman (admitted pro hac vice)

1999 Avenue of the Stars

Los Angeles, California 90067

Telephone: (310) 595-9500

Facsimile: (310) 595-9501

Email: sam.newman@sidley.com

SIDLEY AUSTIN LLP

Jackson T. Garvey (admitted pro hac vice)

One South Dearborn

Chicago, IL 60603

Telephone: (312) 853-7000

Facsimile: (312) 853-7036

Email: jgarvey@sidley.com

SIDLEY AUSTIN LLP

Rakhee V. Patel (TX Bar No. 00797213)

Nathan C. Elner (admitted pro hac vice)

Parker G. Embry (TX Bar No. 24126826)

Chelsea M. McManus (TX Bar No. 24131499)

2021 McKinney Avenue, Suite 2000

Dallas, Texas 75201

Telephone: (214) 981-3300

Facsimile: (214) 981-3400

Email: rpatel@sidley.com

nelner@sidley.com

parker.embry@sidley.com

cmcmanus@sidley.com

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE NORTHERN DISTRICT OF TEXAS

DALLAS DIVISION

In re:

IPI Legacy Liquidation Co, et al.1

 Debtors.

Chapter 11

Case No. 23-80016 (SGJ)

(Jointly Administered)

NOTICE OF (I) ENTRY OF 

ORDER APPROVING THE DEBTORS’ 

AMENDED DISCLOSURE STATEMENT AND CONFIRMING 

THE REVISED FIRST AMENDED JOINT PLAN OF LIQUIDATION 

OF IMPEL PHARMACEUTICALS INC. AND IMPEL NEUROPHARMA 

AUSTRALIA PTY LTD; AND (II) OCCURRENCE OF THE EFFECTIVE DATE

TO ALL CREDITORS, INTEREST HOLDERS, AND OTHER PARTIES IN 

INTEREST:

PLEASE TAKE NOTICE that, on April 2, 2024, the United States Bankruptcy Court for 

the Northern District of Texas (the “Court”) entered the Order Approving the Debtors’ Amended 

Disclosure Statement and Confirming the Revised First Amended Joint Plan of Liquidation of 

Impel Pharmaceuticals Inc. and Impel Neuropharma Australia Pty Ltd [Docket No. 321] (the 

“Confirmation Order”) approving the Disclosure Statement for Joint Plan of Liquidation of Impel 

1 The Debtors in these chapter 11 cases, together with the last four digits of each Debtor’s federal tax identification 

number, are: IPI Legacy Liquidation Co (8238) and Impel NeuroPharma Australia Pty Ltd (N/A). The Debtors’ 

service address is 280 Park Avenue, New York, New York 10017.

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Pharmaceuticals Inc. and Impel Neuropharma Australia Pty Ltd. [Docket No. 254-1] on a final 

basis and confirming the Revised First Amended Joint Plan of Liquidation of Impel 

Pharmaceuticals Inc. and Impel NeuroPharma Australia Pty Ltd [Docket No. 318] (as may be 

altered, amended, modified, or supplemented from time to time, including all exhibits and 

schedules thereafter, the “Plan”).2

PLEASE TAKE FURTHER NOTICE that, on April 5, 2024, the Effective Date of the 

Plan occurred and the Debtors emerged from their chapter 11 cases. Each of the conditions 

precedent to consummation of the Plan enumerated in Article VIII of the Plan have been satisfied 

or waived in accordance with the Plan and the Confirmation Order. 

PLEASE TAKE FURTHER NOTICE that the Court has approved certain release, 

exculpation, injunction, and related provisions in Article IX of the Plan.

PLEASE TAKE FURTHER NOTICE that, except as otherwise set forth in the Plan or 

Confirmation Order, the terms of the Plan are immediately effective and enforceable and deemed 

binding upon the Debtors, the Plan Administrator, and any and all Holders of Claims and Interests 

(regardless of whether such Claims or Interests are deemed to have accepted or rejected the Plan), 

all Entities that are parties to or subject to the settlements, compromises, releases, and injunctions 

described in the Plan, each Entity acquiring property under the Plan or the Confirmation Order, 

and any and all non-Debtor parties to Executory Contracts and/or Unexpired Leases with 

the Debtors.

PLEASE TAKE FURTHER NOTICE that, pursuant to the Plan and the Confirmation 

Order, the deadline for filing requests for payment of Administrative Claims arising after 

December 19, 2023, through and including the Effective Date, other than Professional 

Compensation Claims, is thirty (30) days after the Effective Date. The deadline for filing 

requests for payment of Professional Compensation Claims is forty-five (45 days after the 

Effective Date. 

PLEASE TAKE FURTHER NOTICE that, pursuant to the Plan and the Confirmation 

Order, except as otherwise provided in the Plan or Confirmation Order and specifically excepting 

the provisions in the Plan regarding the Indemnification Obligations, the Insurance Policies 

(including the D&O Liability Insurance Policies), and the Employment Agreements, or as 

otherwise identified on the Schedule of Assumed Executory Contracts and Unexpired Leases, each 

Executory Contract and Unexpired Lease shall be deemed automatically rejected pursuant to 

sections 365 and 1123 of the Bankruptcy Code, unless such Executory Contract or Unexpired 

Lease: (a) has been previously assumed, assumed and assigned, or rejected pursuant to a 

Bankruptcy Court order or (b) is the subject of a motion to assume, assume and assign, or reject 

such Executory Contract or Unexpired Lease that is pending on the Effective Date.

PLEASE TAKE FURTHER NOTICE that all Proofs of Claim with respect to any 

Claims arising from the rejection of the Executory Contracts or Unexpired Leases which are 

rejected pursuant to the Plan or the Confirmation Order (and which are not subject to any separate 

2 Unless otherwise defined in this notice, capitalized terms used in this notice shall have the meanings ascribed to 

them in the Plan.

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Court order authorizing the rejection of such Executory Contracts or Unexpired Leases), if any, 

must be Filed with the Bankruptcy Court within thirty (30) days of the Effective Date. Any Claims 

arising from the rejection of an Executory Contract or Unexpired Lease pursuant to the Plan 

and Confirmation Order that are not timely Filed within thirty (30) days of the Effective 

Date will be disallowed automatically, forever barred from assertion, and shall not be 

enforceable against, as applicable, the Debtors, the Estates, the Plan Administrator, or any 

of their respective assets and properties. All Allowed Claims arising from the rejection of the 

Debtors’ Executory Contracts or Unexpired Leases shall be classified as General Unsecured 

Claims and shall be treated in accordance with Article V of the Plan.

PLEASE TAKE FURTHER NOTICE that the Plan and the Confirmation Order contain 

other provisions that may affect your rights. You are encouraged to review the Plan and 

the Confirmation Order in their entirety.

PLEASE TAKE FURTHER NOTICE that if you would like to obtain a copy of the 

Confirmation Order, the Disclosure Statement, the Plan, the Plan Supplement, or related 

documents, free of charge, you may: (a) access the Debtors’ restructuring website at 

https://omniagentsolutions.com/Impel; (b) write to Impel Ballot Processing, c/o Omni Agent 

Solutions, Inc., 5955 De Soto Ave., Suite 100 Woodland Hills, CA 91367; (c) call (888) 202-6183 

(toll free) or (747) 288-6396 (international); or (d) email ImpelInquiries@omniagnt.com. You 

may also obtain copies of any pleadings filed in these chapter 11 cases for a fee via PACER at 

https://ecf.txsb.uscourts.gov/.

THIS NOTICE IS BEING SENT TO YOU FOR INFORMATIONAL PURPOSES 

ONLY. IF YOU HAVE QUESTIONS WITH RESPECT TO YOUR RIGHTS UNDER 

THE PLAN OR ABOUT ANYTHING STATED HEREIN OR IF YOU WOULD LIKE 

TO OBTAIN ADDITIONAL INFORMATION, PLEASE CONTACT THE NOTICE 

AND CLAIMS AGENT.

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Dated: April 5, 2024

Dallas, Texas SIDLEY AUSTIN LLP

/s/ Rakhee V. Patel 

Samuel A. Newman (admitted pro hac vice)

1999 Avenue of the Stars

Los Angeles, California 90067

Telephone: (310) 595-9500

Facsimile: (310) 595-9501

Email: sam.newman@sidley.com

Rakhee V. Patel (TX Bar No. 00797213)

Nathan C. Elner (admitted pro hac vice)

Parker G. Embry (TX Bar No. 24126826)

Chelsea M. McManus (TX Bar No. 24131499)

2021 McKinney Avenue, Suite 2000

Dallas, Texas 75201

Telephone: (214) 981-3300

Facsimile: (214) 981-3400

Email: rpatel@sidley.com

nelner@sidley.com

parker.embry@sidley.com

cmcmanus@sidley.com

Jackson T. Garvey (admitted pro hac vice)

One South Dearborn

Chicago, IL 60603

Telephone: (312) 853-7000

Facsimile: (312) 853-7036

Email: jgarvey@sidley.com

Counsel to the Debtors and Debtors in Possession

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