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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of Earliest Event Reported):
October 2, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SHENGDATECH, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Exact Name of Registrant as Specified
in Charter)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Nevada</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction of incorporation)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; font-weight: bold; text-align: center">001-31937</TD>
    <TD STYLE="width: 50%; font-weight: bold; text-align: center">26-2522031</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: center">(Commission</TD>
    <TD STYLE="font-style: italic; text-align: center">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: center">File Number)</TD>
    <TD STYLE="font-style: italic; text-align: center">Identification No.)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 100%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Building 1009, No. 999 Wang Qiao Lu </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Chuansha Town </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pudong Xin Qu, Shanghai 201201</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>People&rsquo;s Republic of China</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-style: italic; text-align: center">(Address of principal executive offices)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">86-21-5835-9979</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-style: italic; text-align: center">(Registrant&rsquo;s telephone number, including area code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>N/A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Former Name or Former Address, If Changed
Since Last Report)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 48px; font: 10pt Wingdings; text-align: justify">o</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
</TABLE>
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    <TD STYLE="width: 48px; font: 10pt Wingdings; text-align: justify">o</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
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    <TD STYLE="width: 48px; font: 10pt Wingdings; text-align: justify">o</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act&nbsp;(17&nbsp;CFR&nbsp;240.14d-2(b))</TD></TR>
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    <TD STYLE="width: 48px; font: 10pt Wingdings; text-align: justify">o</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17&nbsp;CFR&nbsp;240.13e-4(c))</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>SECTION 1 &ndash; Registrant&rsquo;s
Business and Operations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; font-size: 10pt"><B>Item</B>&nbsp;<B>1.03</B></TD>
    <TD STYLE="width: 85%; font-size: 10pt; font-weight: bold; text-align: justify">Bankruptcy or Receivership.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As previously disclosed
in a Current Report on Form 8-K filed August 23, 2011, on August 19, 2011, ShengdaTech, Inc., a Nevada corporation (the &ldquo;Company&rdquo;
or the &ldquo;Debtor&rdquo;), pursuant to the provisions of the United States Bankruptcy Code (the &ldquo;Bankruptcy Code&rdquo;),
filed a voluntary petition in the United States Bankruptcy Court for the District of Nevada (the &ldquo;Bankruptcy Court&rdquo;)
seeking relief under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code (Case No. 11-52649).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On October 2, 2012
(the &ldquo;Confirmation Date&rdquo;), the Bankruptcy Court entered an order (the &ldquo;Confirmation Order&rdquo;) confirming
the Company&rsquo;s First Amended Chapter 11 Plan of Reorganization, As Modified, dated as of August 30, 2012 (as confirmed, the
&ldquo;Plan&rdquo;). A copy of the Confirmation Order is attached hereto as Exhibit 99.1 and is incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Plan is expected
to become effective on or about October 17, 2012 (the &ldquo;Effective Date&rdquo;), subject to certain conditions that must be
satisfied, including no modification or stay of the Confirmation Order or entry of other court order prohibiting the consummation
of the transactions contemplated by the Plan, execution of the Liquidation Trust Agreement and creation of the Liquidating Trust
pursuant to the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following is a
summary of the material terms of the Plan. This summary only highlights certain substantive provisions of the Plan and is not a
complete description of the Plan. This summary of the Plan does not purport to be complete and is qualified in its entirety by
reference to the text of the Plan, a copy of which is included as Exhibit 2.1 to this Current Report on Form 8-K and incorporated
by reference herein. All capitalized terms used herein but not otherwise defined have the meanings set forth in the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>General</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Plan provides for
the wind down of the Company&rsquo;s affairs in the United States and the distribution of available assets to creditors. The Plan
establishes, among other things, a liquidating trust (the &ldquo;Liquidating Trust&rdquo;) in accordance with a Liquidating Trust
Agreement. In the discretion of the Liquidating Trust, the Liquidating Trust will pursue the Company&rsquo;s outstanding litigation
in the People&rsquo;s Republic of China (the &ldquo;PRC Litigation&rdquo;), hold and ultimately sell the Company&rsquo;s shares
of Faith Bloom Limited, the Company&rsquo;s wholly-owned subsidiary, execute, process and facilitate distributions to holders of
claims (&ldquo;Claims&rdquo;) and equity interests (&ldquo;Equity Interests&rdquo;) in the Company, and resolve disputed Claims
and disputed Equity Interests.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under the Plan, Claims
against and Equity Interests in the Company are divided into different classes (&ldquo;Classes&rdquo;). On the Effective Date,
or within the time periods set forth in the Plan, the Company and/or the Liquidating Trustee shall make distributions in respect
of certain Classes of Claims or Equity Interests as provided for in the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Liquidating Trust</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Plan provides for
the creation of a post-confirmation Liquidating Trust to hold and administer the Liquidating Trust Assets (defined to include all
assets of the Debtor, including, without limitation, (i) cash in the Debtor&rsquo;s bank account on the Effective Date, (ii) the
Debtor&rsquo;s equity interests in Faith Bloom, (iii) all claims held by the Debtor against Faith Bloom and Faith Bloom&rsquo;s
PRC subsidiaries (the &ldquo;PRC Subsidiaries&rdquo;), (iv) the Debtor&rsquo;s interest in certain directors and officers insurance
policies, if transferable, and the proceeds thereof, (v) all Claims and causes of action held by the Debtor and (vi) any other
assets of the Debtor that are recovered by the Liquidating Trust and the proceeds thereof) and to distribute the proceeds therefrom
to the Liquidating Trust Beneficiaries (defined to include holders of Claims and Equity Interests under the Plan), in accordance
with the terms of the Liquidating Trust Agreement and the Plan. The Liquidating Trust is created on behalf of, and for the benefit
of, the Liquidating Trust Beneficiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On the Effective Date,
the holders of Claims and Interests in Classes 1 through 6 (as described below) under the Plan will be entitled to beneficial interests
in the Liquidating Trust, which entitle them to those distributions set forth in the Plan. On the Effective Date, unless otherwise
determined, the Liquidating Trust will only issue beneficial interests in the Liquidating Trust to the holders of Class 1 Claims,
Class 2 Claims or Class 3 Claims. Beneficial interests in the Liquidating Trust will be issued to the holders of Claims in Classes
4, 5 and 6 when the Liquidating Trustee determines, with the approval of the Liquidating Trust Advisory Board, that such Holders
of Claims in Classes 4, 5 or 6 are entitled to distributions from the Liquidating Trust. Notwithstanding the foregoing, in the
Liquidating Trust&rsquo;s discretion, the Liquidating Trust may hold off on issuing beneficial interests in the Liquidating Trust
to any holders of Claims and Interests in Classes 1 through 6 under the Plan until after the Effective Date, as described in the
Liquidating Trust Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Appointment of Liquidating Trustee and
Liquidating Trust Advisory Board</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Upon the Effective
Date, Michael D. Kang, the Company&rsquo;s current Chief Restructuring Officer, shall be deemed appointed as the Liquidating Trustee.
In addition, upon the Effective Date, the Liquidating Trust Advisory Board will be appointed. The Liquidating Trust Advisory Board
will initially consist of the current members of the Official Committee of Unsecured Creditors appointed in the Company&rsquo;s
Chapter 11 case. The Liquidating Trust Advisory Board shall be appointed to consult with the Liquidating Trustee from time to time
on various matters as set forth in the Liquidating Trust Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Dissolution of Debtor and Resignation
of Debtor&rsquo;s Officers and Directors</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Upon the Effective
Date, without the requirements of any further action, (i) the Debtor&rsquo;s officers and directors shall be deemed to have resigned
from such positions, (ii) Faith Bloom&rsquo;s directors shall be deemed to have resigned from such positions and (iii) A. Carl
Mudd and Sheldon B. Saidman shall be deemed to have resigned from any and all positions held with the Debtor, Faith Bloom and the
PRC Subsidiaries, including their positions as members of the Boards of the Debtor and Faith Bloom, independent directors, members
of the Debtor&rsquo;s Special Committee, Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee,
and representatives authorized to act on behalf of the Debtor pursuant to Section 78.622 of the Nevada Revised Statutes; provided,
however, that they shall not be entitled to any severance payments in connection with such resignations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of the Effective
Date, the Debtor shall be deemed dissolved in accordance with applicable law. As of the Effective Date, without the need for any
further corporate action, the Liquidating Trustee shall be deemed the sole director of Faith Bloom and shall have the right, in
his sole discretion, to appoint replacements for any positions previously held by Messrs. Mudd and Saidman with any of Faith Bloom
or the PRC Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Treatment of Classified Claims and Equity
Interests Under the Plan </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The treatment of Claims
against and Equity Interests in the Debtor is set forth in detail in Article IV of the Plan. A summary of the treatment of such
Claims and Equity Interests is provided below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">There are six classes
of Claims. Class 1 is unimpaired and consists of Priority Claims, other than certain Priority Tax Claims or Administrative Claims.
Each holder of a Class 1 Claim shall receive in full and final satisfaction, settlement, and release of and in exchange for such
Class 1 Claim: (a) cash equal to the amount of such Class 1 Claim; or (b) such other treatment as agreed to by the holder of such
Class 1 Claim. Class 2 is unimpaired and consists of Secured Claims. Each Holder of a Class 2 Claim shall receive in full and final
satisfaction, settlement, and release of and in exchange for such Class 2 Claim: (a) one of the treatments specified in section
1124 of the Bankruptcy Code; or (b) such other treatment as agreed to by the holder of such Class 2 Claim.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Classes 3, 4, 5 and
6 are impaired Claims and consist of general unsecured claims, noteholders&rsquo; securities claims, shareholders&rsquo; securities
claims, and all equity interests, respectively. Each holder of a Class 3, 4, 5 and 6 Claim shall receive, in order of priority
with higher classes being paid first, in full and final satisfaction, settlement, and release of and in exchange for the respective
Class 3, 4, 5 or 6 Claim, its pro rata share of Liquidating Trust Assets remaining after payment in full in cash and/or other distributable
property of all administrative claims, priority tax claims, secured claims and any expenses of the Liquidating Trust. On the Effective
Date, all Class 6 Equity Interests shall be deemed canceled, extinguished and discharged and of no further force or effect. To the extent
the Liquidating Trustee believes there is a reasonable probability that there will be assets available for distribution on account
of Class 6 Equity Interests, the Liquidating Trustee may, in his sole discretion, set a deadline for the filing of proofs of interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The foregoing is only
a summary of the treatment of certain Claims and Equity Interests under the Plan; for a full description of the treatment of all
Claims under the Plan, see Articles II, III and IV of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Funding of the Plan</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Plan will be funded
by the cash held by the Debtor as of the Effective Date, and thereafter by the proceeds of the Liquidating Trust Assets. The Liquidating
Trust will have the ability to take out loans, including from creditors, and to accept investments, including from creditors, and
may agree to repay such creditors with, inter alia, interest, fees, success fees, bonuses, and/or additional percentage recoveries.
The cash, proceeds of the Liquidating Trust Assets and the proceeds of any loans or other arrangements will be used to fund the
Liquidating Trust&rsquo;s recovery efforts, including (i) funding the PRC Litigation, (ii) funding expenses incurred by Faith Bloom
subject to the terms of the intercompany note between the Debtor and Faith Bloom, (iii) funding the operations of Faith Bloom&rsquo;s
PRC Subsidiaries should the Liquidating Trust ultimately gain control of such subsidiaries, (iv) funding the administration of
the Liquidating Trust and distributions under the Plan and (v) purchasing insurance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Cancellation of Instruments and Stock
</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On the Effective Date,
all instruments evidencing or creating any indebtedness or obligation of the Debtor, except such instruments that are authorized
or issued under the Plan, shall be canceled and extinguished. Additionally, as of the Effective Date, all Equity Interests, and
any and all warrants, options, or rights with respect to Equity Interests that have been issued, could be issued, or that have
been authorized to be issued but that have not been issued, shall be deemed canceled and extinguished without any further action
of any party. The Holders of or parties to the canceled notes, share certificates and other agreements and instruments shall have
no rights arising from or relating to such notes, share certificates and other agreements and instruments or the cancellation thereof,
except the rights provided pursuant to the Plan; provided, however, that notwithstanding the provisions of the Plan or the occurrence
of the Effective Date, the provisions of the Indentures shall continue in effect to allow the Indenture Trustee (defined as Bank
of New York Mellon in its capacity as indenture trustee for the 6.0% and 6.5% notes previously issued by the Company, and the holders
thereof, the &ldquo;Noteholders&rdquo;) to (i) implement and assist the Liquidating Trustee with respect to making distributions
under the Plan and (ii) preserve its charging lien against such distributions. Notwithstanding the foregoing, it is the intention
of the Liquidating Trustee to make distributions directly to Noteholders, in accordance with Article VII of the Plan, and not to
the Indenture Trustee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Releases</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Plan contains exculpation
provisions, Debtor/estate release provisions, third party release provisions and certain exclusions to the release provisions.
For a full description of the exculpation and release provisions, including the exclusions thereto, under the Plan, see Articles
11.1(a), (b), (c), (d) and (e) of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Other</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Plan, as confirmed
by the Bankruptcy Court, contained certain changes as compared to the Plan that was filed with the Bankruptcy Court on May 16,
2012 and attached to the Company&rsquo;s Current Report on Form 8-K filed on May 18, 2012, including: (i) discussing the issuance
of beneficial interests in the Liquidating Trust to certain classes of Claims; (ii) modifying the definition of &ldquo;Distribution
Record Date&rdquo; to mean such date or dates as determined by the Liquidating Trustee, with the approval of the Liquidating Trust
Advisory Board, when there are sufficient Liquidating Trust Assets to distribute under the Plan; (iii) adding a new subparagraph
(d) to Article 10.1, which notes that prior to the Effective Date, the Liquidating Trustee shall have executed that certain agreement
by and between the Debtor, the Official Committee of Unsecured Creditors and the independent directors dated as of July 10, 2012,
regarding implementation of that certain Settlement Agreement and Release by and among the Debtor, the independent directors and
Zurich American Insurance Company; and (iv) certain other typographical changes to the Plan and other changes consistent with the
Confirmation Order.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Additional information
about the Company&rsquo;s Bankruptcy Case, including court filings and pleadings, is available at http://www.gcginc.com/cases/sdt/.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SECTION 9 &ndash; Financial Statement and Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15%; text-align: left"><B>Item&nbsp;9.01</B></TD><TD STYLE="text-align: justify; width: 85%"><B>Financial Statements and Exhibits.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; width: 8%">&nbsp;Exhibit No.&nbsp;</TD>
    <TD STYLE="width: 5%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 87%; border-bottom: Black 1pt solid">&nbsp;Exhibit Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>2.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;ShengdaTech, Inc. First Amended Chapter 11 Plan of Reorganization</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>99.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;Confirmation Order, dated October 2, 2012</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Cautionary Statement Regarding Forward-Looking
Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Current Report on Form 8-K contains
&ldquo;forward-looking statements&rdquo; within the meaning of the federal securities laws. Statements regarding future events
and developments and the Company&rsquo;s future performance, as well as management&rsquo;s expectations, beliefs, plans or estimates
are forward-looking statements within the meaning of these laws. These forward-looking statements may be indicated by words such
as &ldquo;expects,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;will,&rdquo; &ldquo;plans,&rdquo; &ldquo;believes,&rdquo; &ldquo;scheduled,&rdquo;
&ldquo;estimates&rdquo; and similar words and expressions, and include, but are not limited to, statements with respect to the
completion of the court process, including the timing, outcome and impact on the Company&rsquo;s business and the ability of the
Company to consummate the Plan by the Effective Date. Although the Company believes that the expectations reflected in such forward-looking
statements are reasonable, these statements are not guarantees of future performance and involve risks and uncertainties, which
are difficult to predict and many of which are outside of the control of the Company. If any of these risks or uncertainties materialize,
or if underlying assumptions prove to be incorrect, actual developments and results may vary significantly from those projected.
The forward-looking statements made herein speak only as of the date of this Current Report on Form 8-K and the Company undertakes
no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company&rsquo;s expectations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;October&nbsp; 9,
    2012</FONT></TD>
    <TD COLSPAN="2" STYLE="font-variant: small-caps; font-weight: bold; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">ShengdaTech, Inc.</FONT></TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 34%; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: white 3pt solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: white 3pt solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>/s/ Michael Kang</I></FONT></TD>
    <TD STYLE="border-bottom: white 3pt solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Michael Kang</FONT></TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Chief Restructuring Officer</FONT></TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>



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{"company-data": {"conformed-name": "ShengdaTech, Inc.", "cik": "0001160165", "assigned-sic": "2890", "irs-number": "000000000", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31937", "film-number": "121134720"}, "business-address": {"street1": "BUILDING 1009, NO. 999 WANG QIAO LU", "street2": "CHUANSHA TOWN", "city": "PUDONG XIN QU", "state": "F4", "zip": "201201", "phone": "86-21-5835-9979"}, "mail-address": {"street1": "BUILDING 1009, NO. 999 WANG QIAO LU", "street2": "CHUANSHA TOWN", "city": "PUDONG XIN QU", "state": "F4", "zip": "201201"}, "former-company": {"former-conformed-name": "ZEOLITE EXPLORATION CO", "date-changed": "20010926"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported):
October 2, 2012
SHENGDATECH, INC.
(Exact Name of Registrant as Specified
in Charter)
Nevada
(State or other jurisdiction of incorporation)
001-31937
26-2522031
(Commission
(IRS Employer
File Number)
Identification No.)
Building 1009, No. 999 Wang Qiao Lu
Chuansha Town
Pudong Xin Qu, Shanghai 201201
People's Republic of China
(Address of principal executive offices)
86-21-5835-9979
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, If Changed
Since Last Report)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SECTION 1 – Registrant's
Business and Operations
Item
1.03
Bankruptcy or Receivership.
As previously disclosed
in a Current Report on Form 8-K filed August 23, 2011, on August 19, 2011, ShengdaTech, Inc., a Nevada corporation (the "Company"
or the "Debtor"), pursuant to the provisions of the United States Bankruptcy Code (the "Bankruptcy Code"),
filed a voluntary petition in the United States Bankruptcy Court for the District of Nevada (the "Bankruptcy Court")
seeking relief under the provisions of Chapter 11 of Title 11 of the Bankruptcy Code (Case No. 11-52649).
On October 2, 2012
(the "Confirmation Date"), the Bankruptcy Court entered an order (the "Confirmation Order") confirming
the Company's First Amended Chapter 11 Plan of Reorganization, As Modified, dated as of August 30, 2012 (as confirmed, the
"Plan"). A copy of the Confirmation Order is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
The Plan is expected
to become effective on or about October 17, 2012 (the "Effective Date"), subject to certain conditions that must be
satisfied, including no modification or stay of the Confirmation Order or entry of other court order prohibiting the consummation
of the transactions contemplated by the Plan, execution of the Liquidation Trust Agreement and creation of the Liquidating Trust
pursuant to the Plan.
The following is a
summary of the material terms of the Plan. This summary only highlights certain substantive provisions of the Plan and is not a
complete description of the Plan. This summary of the Plan does not purport to be complete and is qualified in its entirety by
reference to the text of the Plan, a copy of which is included as Exhibit 2.1 to this Current Report on Form 8-K and incorporated
by reference herein. All capitalized terms used herein but not otherwise defined have the meanings set forth in the Plan.
General
The Plan provides for
the wind down of the Company's affairs in the United States and the distribution of available assets to creditors. The Plan
establishes, among other things, a liquidating trust (the "Liquidating Trust") in accordance with a Liquidating Trust
Agreement. In the discretion of the Liquidating Trust, the Liquidating Trust will pursue the Company's outstanding litigation
in the People's Republic of China (the "PRC Litigation"), hold and ultimately sell the Company's shares
of Faith Bloom Limited, the Company's wholly-owned subsidiary, execute, process and facilitate distributions to holders of
claims ("Claims") and equity interests ("Equity Interests") in the Company, and resolve disputed Claims
and disputed Equity Interests.
Under the Plan, Claims
against and Equity Interests in the Company are divided into different classes ("Classes"). On the Effective Date,
or within the time periods set forth in the Plan, the Company and/or the Liquidating Trustee shall make distributions in respect
of certain Classes of Claims or Equity Interests as provided for in the Plan.
Liquidating Trust
The Plan provides for
the creation of a post-confirmation Liquidating Trust to hold and administer the Liquidating Trust Assets (defined to include all
assets of the Debtor, including, without limitation, (i) cash in the Debtor's bank account on the Effective Date, (ii) the
Debtor's equity interests in Faith Bloom, (iii) all claims held by the Debtor against Faith Bloom and Faith Bloom's
PRC subsidiaries (the "PRC Subsidiaries"), (iv) the Debtor's interest in certain directors and officers insurance
policies, if transferable, and the proceeds thereof, (v) all Claims and causes of action held by the Debtor and (vi) any other
assets of the Debtor that are recovered by the Liquidating Trust and the proceeds thereof) and to distribute the proceeds therefrom
to the Liquidating Trust Beneficiaries (defined to include holders of Claims and Equity Interests under the Plan), in accordance
with the terms of the Liquidating Trust Agreement and the Plan. The Liquidating Trust is created on behalf of, and for the benefit
of, the Liquidating Trust Beneficiaries.
On the Effective Date,
the holders of Claims and Interests in Classes 1 through 6 (as described below) under the Plan will be entitled to beneficial interests
in the Liquidating Trust, which entitle them to those distributions set forth in the Plan. On the Effective Date, unless otherwise
determined, the Liquidating Trust will only issue beneficial interests in the Liquidating Trust to the holders of Class 1 Claims,
Class 2 Claims or Class 3 Claims. Beneficial interests in the Liquidating Trust will be issued to the holders of Claims in Classes
4, 5 and 6 when the Liquidating Trustee determines, with the approval of the Liquidating Trust Advisory Board, that such Holders
of Claims in Classes 4, 5 or 6 are entitled to distributions from the Liquidating Trust. Notwithstanding the foregoing, in the
Liquidating Trust's discretion, the Liquidating Trust may hold off on issuing beneficial interests in the Liquidating Trust
to any holders of Claims and Interests in Classes 1 through 6 under the Plan until after the Effective Date, as described in the
Liquidating Trust Agreement.
Appointment of Liquidating Trustee and
Liquidating Trust Advisory Board
Upon the Effective
Date, Michael D. Kang, the Company's current Chief Restructuring Officer, shall be deemed appointed as the Liquidating Trustee.
In addition, upon the Effective Date, the Liquidating Trust Advisory Board will be appointed. The Liquidating Trust Advisory Board
will initially consist of the current members of the Official Committee of Unsecured Creditors appointed in the Company's
Chapter 11 case. The Liquidating Trust Advisory Board shall be appointed to consult with the Liquidating Trustee from time to time
on various matters as set forth in the Liquidating Trust Agreement.
Dissolution of Debtor and Resignation
of Debtor's Officers and Directors
Upon the Effective
Date, without the requirements of any further action, (i) the Debtor's officers and directors shall be deemed to have resigned
from such positions, (ii) Faith Bloom's directors shall be deemed to have resigned from such positions and (iii) A. Carl
Mudd and Sheldon B. Saidman shall be deemed to have resigned from any and all positions held with the Debtor, Faith Bloom and the
PRC Subsidiaries, including their positions as members of the Boards of the Debtor and Faith Bloom, independent directors, members
of the Debtor's Special Committee, Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee,
and representatives authorized to act on behalf of the Debtor pursuant to Section 78.622 of the Nevada Revised Statutes; provided,
however, that they shall not be entitled to any severance payments in connection with such resignations.
As of the Effective
Date, the Debtor shall be deemed dissolved in accordance with applicable law. As of the Effective Date, without the need for any
further corporate action, the Liquidating Trustee shall be deemed the sole director of Faith Bloom and shall have the right, in
his sole discretion, to appoint replacements for any positions previously held by Messrs. Mudd and Saidman with any of Faith Bloom
or the PRC Subsidiaries.
Treatment of Classified Claims and Equity
Interests Under the Plan
The treatment of Claims
against and Equity Interests in the Debtor is set forth in detail in Article IV of the Plan. A summary of the treatment of such
Claims and Equity Interests is provided below.
There are six classes
of Claims. Class 1 is unimpaired and consists of Priority Claims, other than certain Priority Tax Claims or Administrative Claims.
Each holder of a Class 1 Claim shall receive in full and final satisfaction, settlement, and release of and in exchange for such
Class 1 Claim: (a) cash equal to the amount of such Class 1 Claim; or (b) such other treatment as agreed to by the holder of such
Class 1 Claim. Class 2 is unimpaired and consists of Secured Claims. Each Holder of a Class 2 Claim shall receive in full and final
satisfaction, settlement, and release of and in exchange for such Class 2 Claim: (a) one of the treatments specified in section
1124 of the Bankruptcy Code; or (b) such other treatment as agreed to by the holder of such Class 2 Claim.
Classes 3, 4, 5 and
6 are impaired Claims and consist of general unsecured claims, noteholders' securities claims, shareholders' securities
claims, and all equity interests, respectively. Each holder of a Class 3, 4, 5 and 6 Claim shall receive, in order of priority
with higher classes being paid first, in full and final satisfaction, settlement, and release of and in exchange for the respective
Class 3, 4, 5 or 6 Claim, its pro rata share of Liquidating Trust Assets remaining after payment in full in cash and/or other distributable
property of all administrative claims, priority tax claims, secured claims and any expenses of the Liquidating Trust. On the Effective
Date, all Class 6 Equity Interests shall be deemed canceled, extinguished and discharged and of no further force or effect. To the extent
the Liquidating Trustee believes there is a reasonable probability that there will be assets available for distribution on account
of Class 6 Equity Interests, the Liquidating Trustee may, in his sole discretion, set a deadline for the filing of proofs of interest.
The foregoing is only
a summary of the treatment of certain Claims and Equity Interests under the Plan; for a full description of the treatment of all
Claims under the Plan, see Articles II, III and IV of the Plan.
Funding of the Plan
The Plan will be funded
by the cash held by the Debtor as of the Effective Date, and thereafter by the proceeds of the Liquidating Trust Assets. The Liquidating
Trust will have the ability to take out loans, including from creditors, and to accept investments, including from creditors, and
may agree to repay such creditors with, inter alia, interest, fees, success fees, bonuses, and/or additional percentage recoveries.
The cash, proceeds of the Liquidating Trust Assets and the proceeds of any loans or other arrangements will be used to fund the
Liquidating Trust's recovery efforts, including (i) funding the PRC Litigation, (ii) funding expenses incurred by Faith Bloom
subject to the terms of the intercompany note between the Debtor and Faith Bloom, (iii) funding the operations of Faith Bloom's
PRC Subsidiaries should the Liquidating Trust ultimately gain control of such subsidiaries, (iv) funding the administration of
the Liquidating Trust and distributions under the Plan and (v) purchasing insurance.
Cancellation of Instruments and Stock
On the Effective Date,
all instruments evidencing or creating any indebtedness or obligation of the Debtor, except such instruments that are authorized
or issued under the Plan, shall be canceled and extinguished. Additionally, as of the Effective Date, all Equity Interests, and
any and all warrants, options, or rights with respect to Equity Interests that have been issued, could be issued, or that have
been authorized to be issued but that have not been issued, shall be deemed canceled and extinguished without any further action
of any party. The Holders of or parties to the canceled notes, share certificates and other agreements and instruments shall have
no rights arising from or relating to such notes, share certificates and other agreements and instruments or the cancellation thereof,
except the rights provided pursuant to the Plan; provided, however, that notwithstanding the provisions of the Plan or the occurrence
of the Effective Date, the provisions of the Indentures shall continue in effect to allow the Indenture Trustee (defined as Bank
of New York Mellon in its capacity as indenture trustee for the 6.0% and 6.5% notes previously issued by the Company, and the holders
thereof, the "Noteholders") to (i) implement and assist the Liquidating Trustee with respect to making distributions
under the Plan and (ii) preserve its charging lien against such distributions. Notwithstanding the foregoing, it is the intention
of the Liquidating Trustee to make distributions directly to Noteholders, in accordance with Article VII of the Plan, and not to
the Indenture Trustee.
Releases
The Plan contains exculpation
provisions, Debtor/estate release provisions, third party release provisions and certain exclusions to the release provisions.
For a full description of the exculpation and release provisions, including the exclusions thereto, under the Plan, see Articles
11.1(a), (b), (c), (d) and (e) of the Plan.
Other
The Plan, as confirmed
by the Bankruptcy Court, contained certain changes as compared to the Plan that was filed with the Bankruptcy Court on May 16,
2012 and attached to the Company's Current Report on Form 8-K filed on May 18, 2012, including: (i) discussing the issuance
of beneficial interests in the Liquidating Trust to certain classes of Claims; (ii) modifying the definition of "Distribution
Record Date" to mean such date or dates as determined by the Liquidating Trustee, with the approval of the Liquidating Trust
Advisory Board, when there are sufficient Liquidating Trust Assets to distribute under the Plan; (iii) adding a new subparagraph
(d) to Article 10.1, which notes that prior to the Effective Date, the Liquidating Trustee shall have executed that certain agreement
by and between the Debtor, the Official Committee of Unsecured Creditors and the independent directors dated as of July 10, 2012,
regarding implementation of that certain Settlement Agreement and Release by and among the Debtor, the independent directors and
Zurich American Insurance Company; and (iv) certain other typographical changes to the Plan and other changes consistent with the
Confirmation Order.
Additional information
about the Company's Bankruptcy Case, including court filings and pleadings, is available at http://www.gcginc.com/cases/sdt/.
SECTION 9 – Financial Statement and Exhibits
Item 9.01
Financial Statements and Exhibits.
Exhibit No.
Exhibit Description
2.1
ShengdaTech, Inc. First Amended Chapter 11 Plan of Reorganization
99.1
Confirmation Order, dated October 2, 2012
Cautionary Statement Regarding Forward-Looking
Information
This Current Report on Form 8-K contains
"forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events
and developments and the Company's future performance, as well as management's expectations, beliefs, plans or estimates
are forward-looking statements within the meaning of these laws. These forward-looking statements may be indicated by words such
as "expects," "anticipates," "will," "plans," "believes," "scheduled,"
"estimates" and similar words and expressions, and include, but are not limited to, statements with respect to the
completion of the court process, including the timing, outcome and impact on the Company's business and the ability of the
Company to consummate the Plan by the Effective Date. Although the Company believes that the expectations reflected in such forward-looking
statements are reasonable, these statements are not guarantees of future performance and involve risks and uncertainties, which
are difficult to predict and many of which are outside of the control of the Company. If any of these risks or uncertainties materialize,
or if underlying assumptions prove to be incorrect, actual developments and results may vary significantly from those projected.
The forward-looking statements made herein speak only as of the date of this Current Report on Form 8-K and the Company undertakes
no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Date:           October  9,
    2012
ShengdaTech, Inc.
By:
/s/ Michael Kang
Name:
Michael Kang
Title:
Chief Restructuring Officer