Proceedings.

9525-4223 Québec Inc. and 9525-4231 Québec Inc. (formerly IntelGenx)

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Closed
Proceeding
CCAACCAA
Court
Superior Court of Québec
File
500-11-064115-245
Industry
Health care · Pharmaceuticals & biotech
Filings held40
Last activity16 Jan 2025
On the record902 days
Secured debtSubscribers
OverviewSummary updated

9525-4223 Québec Inc. and 9525-4231 Québec Inc., formerly IntelGenx, are the subject of bankruptcy proceedings under the Bankruptcy and Insolvency Act before the Superior Court of Québec, Commercial Division, under court file no. 500-11-064115-245. The proceedings were commenced on May 17, 2024 by an initial order made that day. The file remains active. The record before this page carries no further dated steps in the proceeding.

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Case updates40 dated entries
#Order

Initial order made, commencing these BIA proceedings in respect of the two Québec companies formerly operating as IntelGenx under court file no. 500-11-064115-245.

Source: Initial Order

Parties

Debtor

9525-4223 Québec Inc. and 9525-4231 Québec Inc. (formerly IntelGenx)

Monitor

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice JanetmichelinSuperior Court of Québec8 orders, May 2024 – Jan 202512 cases on record
Justice CollierSuperior Court of Québec3 orders, May 202424 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorEYMcCarthy Tétrault LLP · Osler, Hoskin & Harcourt LLP17 May 2024Order · 29 Aug 2024
Applicant9525-4223 Québec Inc. and 9525-4231 Québec Inc. (formerly IntelGenx)McCarthy Tétrault LLP17 May 2024Order · 17 May 2024
Interim lenderNorton Rose Fulbright Canada LLP17 May 2024Order · 17 May 2024
CreditorAppiicantsMcCarthy Tétrault LLP29 Aug 2024Order · 29 Aug 2024
CreditorAtai Life Science AGNorton Rose Fulbright Canada LLP24 May 2024Service list · 24 May 2024
Creditoratai Life Sciences AGNorton Rose Fulbright Canada LLP27 Aug 2024Application · 27 Aug 2024
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
SecuredAtai Life Sciences AGSecured by all present and future movable property, rights and assets of IntelGenx Corp., excluding intellectual property/technology (except non-licensed IP added by 2023 amendment); convertible into common shares at atai's option (US$0.185 conversion price); $8.5M tranche matures January 5, 2025; additional $1M First Tranche Term Loan matures February 1, 2026. — Monitor's Report (May 17, 2024, para 22) describes this facility only as an '$8.5M' secured loan at 8% (rounded prose figure). Exact dated principal outstanding per Q1-2024 interim financial statements (Note 9) is $9.5M as at March 31 · as of 31 Mar 2024$9.5M USDReport of the Proposed Monitor
Secured

1 more claim in 1 class The stack holds Secured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

Bid deadline

28 August 2024

Procedures

Phase 1 deadline

15 July 2024

Procedures

RecoveriesAs stated in the filings

Unsecured creditors: no distribution.EstimatedThird Report of the Monitor · 27 Sep 2024

ClassCreditorClaimsRecoveryBasisSource
Unsecured——no distributionEstimatedper the monitorThird Report of the Monitor · 27 Sep 2024
Equityholders of IntelGenx Tech's common shares—no distributionper the debtorApplication for the Issuance of an Approval, Assignment and Vesting… · 20 Sep 2024

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
40 filings
DateDocumentFile
Order for Stay Extension to June 20, 2025, CCAA Termination and Monitor Discharge
  • Order date 16 January 2025
  • Presiding officer Justice Janet Michelin
  • Stay extended to 20 June 2025
PDF · Subscribers
Application for a Stay Extension, CCAA Termination and Monitor Discharge OrderPDF · Subscribers
Fourth Report of the MonitorPDF · Subscribers
Monitor’s Certificate (in french)PDF · Subscribers
Approval and Reverse Vesting Order
  • Presiding officer Justice Janetmichelin
PDF · Subscribers
Order Extending the Stay Period to January 17, 2025, Expanding the Powers of the Monitor and WEPPA
  • Counsel Hugo Babos-Marchand Mtre. François Alexandre Toupin McCarthy Tétrault LLP
  • Order date 30 September 2024
  • Presiding officer Justice Janet Michelin
  • Stay extended to 17 January 2025
PDF · Subscribers
Order to cancel and write-off (in French)
  • Presiding officer Justice Janet Michelin
PDF · Subscribers
Blackline – Schedule E to Amended & Restated Purchase Agreement (Pre-Closing Reorganization - Transaction Steps) – 27 September 2024PDF · Subscribers
Information to Access the September 30, 2024 MeetingPDF · Subscribers
Schedule E to Amended & Restated Purchase Agreement (Pre-Closing Reorganization - Transaction Steps) – 27 September 2024PDF · Subscribers
Third Report of the Monitor
  • Recovery outcome Entries: per unstated · Stated on: 2024-09-27 · Table missing:
PDF · Subscribers
Blackline - Proposed Approval OrderPDF · Subscribers
Blackline – Purchase AgreementPDF · Subscribers
Blackline – Schedules to Amended & Restated Purchase Agreement – 26 September 2024 (Redacted)PDF · Subscribers
Exhibit R-1A - Proposed Approval OrderPDF · Subscribers
Exhibit R-2A – Purchase AgreementPDF · Subscribers
Blackline – Proposed Pre-Closing Reorganization StructurePDF · Subscribers
Exhibit R-5A – Proposed Pre-Closing Reorganization Structure
PDF · Subscribers
Application for the Issuance of an Approval, Assignment and Vesting Order and Ancillary Relief
  • Recovery outcome Entries: per unstated; per unstated · Table missing:
PDF · Subscribers
Order Extending the Stay Period to October 11, 2024
  • Counsel Noah Zucker Mtre. Charlotte Dion Norton Rose Fuibright LLP
  • Order date 29 August 2024
  • Presiding officer Justice Janet Michelin
  • Stay extended to 11 October 2024
PDF · Subscribers
Second Report of the MonitorPDF · Subscribers
Application for the Issuance of an Order Extending the Stay Period to October 11, 2024
  • Counsel Osler, Hoskin & Harcourt LLP
PDF · Subscribers
Press ReleasePDF · Subscribers
Procedures
  • Bid deadline 28 August 2024
  • Phase1 deadline 15 July 2024
PDF · Subscribers
TeaserPDF · Subscribers
Reasons for Issuing the Amended Restated Order
  • Presiding officer Justice Janet Michelin
PDF · Subscribers
Amended and Restated Initial Order
  • Counsel Osler, Hoskin & Harcourt LLP
  • Order date 27 May 2024
  • Presiding officer Justice Janet Michelin
  • Stay expiry 30 August 2024
PDF · Subscribers
La Presse+PDF · Subscribers
Order approving a sale and investment solicitation process and Approving a Stalking Horse agreement of purchase and sale
  • Bid deadline 28 August 2024
  • Order date 27 May 2024
  • Phase1 deadline 15 July 2024
  • Presiding officer Justice Janet Michelin
PDF · Subscribers
The Globe and MailPDF · Subscribers
First Report of the MonitorPDF · Subscribers
Service List
  • Counsel McCarthy Tétrault LLP
PDF · Subscribers
Amended Application for the issuance of an Initial Order and of an Amended and Restated Initial OrderPDF · Subscribers
Book of Exhibits
  • Presiding officer Justice David R. Collier
PDF · Subscribers
List of known creditors as at May 17, 2024PDF · Subscribers
Notice to creditorsPDF · Subscribers
Application for the Issuance of an Initial Order
PDF · Subscribers
Initial Order
  • Commencement date 17 May 2024
  • Counsel Osler, Hoskin & Harcourt LLP
  • Court SUPERIOR COURT
  • Court file no 500-11-064115-245
  • + 4 more extracted facts
PDF · Subscribers
Minutes to a Court Hearing (In French)
  • Presiding officer Justice David R. Collier
PDF · Subscribers
Report of the Proposed Monitor
PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “9525-4223 Québec Inc. and 9525-4231 Québec Inc. (formerly IntelGenx)” (CCAA), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/9525-4223-qu-bec-inc-and-9525-4231-qu-bec-inc-formerly-intelgenx

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Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/9525-4223-qu-bec-inc-and-9525-4231-qu-bec-inc-formerly-intelgenx

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.