Ascend Performance Materials Receives Court Approval of Disclosure Statement

Marks important milestone in restructuring process; Ascend to begin creditor vote solicitation process

Remains on track to emerge from Chapter 11 in Q4 2025

Continues to operate as usual and provide high-performance materials to customers

HOUSTON , Oct. 20, 2025 /PRNewswire/ -- Ascend Performance Materials, a leading producer of high-performance and durable engineered materials for everyday essentials and new technologies, announced today the U.S. Bankruptcy Court for the Southern District of Texas has approved the Disclosure Statement for Ascend's Plan of Reorganization (the "Plan").

Court approval of the Disclosure Statement marks the beginnings of the formal process to solicit votes on the Company's Plan. The Disclosure Statement provides creditors with detailed information regar