🟢 Getty Images is trading 48.15% up today; reason for gain remains unclear

Getty Images is trading at $0.02, up 48.15%, while the reason for the sharp rise remains unclear.

• Getty Images filed for Chapter 11 on October 21, advancing its previously announced restructuring and privatization plan.
• Getty family and Koch affiliates committed up to $533 million in new equity and would own the reorganized company; existing shares are expected to be cancelled without distribution under the restructuring terms.