STRAIGHTPATH RECEIVER’S UPDATED NOTICE OF PLAN IMPLEMENTATION

 

By Order dated November 26, 2024, the Court approved the Receiver’s Plan of Distribution [Dkt. No. 368-1] (the “Plan”). In order to implement the Plan and make distributions to investors and creditors in accordance with the Plan, the Receiver requires certain tax and other information as set forth below. Distributions under the Plan will be made as soon as reasonably practicable following a liquidity event (i.e., IPO or sale of a Pre-IPO Company).

 

IRS FORM W-9 and CONFIRMATION OF ADDRESS – In order to receive a distribution, investors and creditors must complete a Form W-9 and return it to the Receiver.  INVESTORS AND CREDITORS WILL NOT RECEIVE A DISTRIBUTION UNTIL THE RECEIVER HAS RECEIVED THAT PARTY’S FORM W-9. To complete the Form W-9, please: (i) use the electronic portal located at https://cases.stretto.com/StraightPathVentureW9; or (ii) use the Form W-9 attached to this Notice and mail the completed Form W-9 to StraightPath Receivership  c/o Stretto 410 Exchange, Suite 100, Irvine, CA 92602. The Form W-9 must be completed for the person or entity that invested in StraightPath and must be signed in “Part II: Certification”. An unsigned Form W-9 will not be valid.  Instructions for completing the Form W-9 and additional Form W-9s can be obtained free of charge on the IRS website: https://www.irs.gov/pub/irs-pdf/fw9.pdf. 

 

FORM OF DISTRIBUTION – All distributions will be made by check and mailed to the address on the party’s Form W-9 unless an investor or creditor requests to receive distributions by wire transfer, with the wire transfer cost to be borne entirely by the investor or creditor making the request through a deduction in the amount of the distribution otherwise payable.  All requests for distribution by wire transfer must be (i) made in writing, (ii) signed by the investor or creditor making the request, (iii) mailed to: StraightPath Receivership c/o Stretto 410 Exchange, Suite 100, Irvine, CA 92602, and received by the Receiver prior to the date that a distribution check has been mailed to the investor or creditor making the request. The Receiver cannot comply with any request for a wire transfer that is not signed by the investor or creditor making the request or which is received after a distribution check has been mailed to such investor or creditor. 
 

SCOPELY INVESTORS ONLY:  Under the Plan, distributions of the Scopely Cash Proceeds are to be made only to the Scopely Silo Investors. The Receiver seeks to commence a third distribution of the Scopely Cash Proceeds to the Scopely Silo Investors on or about May 16, 2025.  HOWEVER, THE RECEIVER CAN ONLY MAKE DISTRIBUTIONS OF THE SCOPELY CASH PROCEEDS TO A SCOPELY SILO INVESTOR IF THE RECEIVER HAS RECEIVED A COMPLETED AND SIGNED FORM W-9 FROM SUCH INVESTOR ON OR BEFORE May 9,  2025.  IF THE RECEIVER HAS NOT RECEIVED A COMPLETED AND SIGNED FORM W-9 FROM A SCOPELY SILO INVESTOR BY May 2, 2025, THAT INVESTOR’S DISTRIBUTION WILL BE DELAYED.Y: eceiver seeks to commence a distribution to Rubrik Silo Investors on or about May 23, 2025. HOWEVER, THE RECEIVER CAN ONLY MAKE DISTRIBUTIOCOMPLETED AND SIGNED FORM W-9 FROM A RUBRIK SILO INVESTOR BY MAY 9, 2025, THAT INVESTOR’S DISTRIBUTION WILL BE DELAYED.


For information related to other companies that have had a Liquidity Evernt (including Triller) and Rubrik (regarding its Pot Component), please visit www.straightpathreceivership.com/faqs.

 

PLEASE DIRECT ALL QUESTIONS relating to the Form W-9 to straightpathreceivershipW9@stretto.com or (877) 418-7976 and all general Receivership-related questions to straightpathreceivership@stout.com.

 

CHECKLIST FOR FORMS W-9 OR W-8

 

The information following is general guidance on providing a Form W-9, Request for Taxpayer Identification Number and Certification, or Form W-8, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting, for the purpose of the StraightPath Receiver’s Notice of Plan Implementation. The information is not to be considered tax advice and neither the Receiver nor professionals working on behalf of the Receiver are able to provide you with tax advice. The Receiver encourages all investors and creditors to consult with their personal tax advisors and/or financial custodians in completing either a Form W-9 or Form W-8.

  1. Investors and creditors that are US persons or entities should complete a Form W-9. Investors and creditors that are foreign persons or entities should complete the appropriate Form W-8.
  2. Use the most up-to-date Form W-9 or Form W-8. For Form W-9, the most current version was revised in March 2024. Those using the online portal available through the StraightPath Receivership website will be using the most up-to-date version.
  3. Complete this form according to the IRS guidance, which is attached to the Form. For Form W-9, the instructions can be obtained via this IRS website: https://www.irs.gov/pub/irs-pdf/fw9.pdf?v=20240914011136. For Form W-8, the instructions can be obtained via this IRS website: https://www.irs.gov/pub/irs-prior/iw8--2022.pdf.
  4. Submit the completed Form W-9 or Form W-8 to the Receiver either via the:

  a. Online portal https://cases.stretto.com/StraightPathVentureW9, or
  b. U.S. Mail to: StraightPath Receivership c/o Stretto 410 Exchange, Suite 100, Irvine, CA 92602