IMV Inc., Immunovaccine Technologies Inc. and IMV USA Inc.
- Proceeding
- CCAACCAA
- Industry
- Health care · Pharmaceuticals & biotech
IMV Inc., Immunovaccine Technologies Inc. and IMV USA Inc. are the subject of CCAA proceedings in the Supreme Court of Nova Scotia commenced on May 1, 2023; the file is now closed. A consolidated list of creditors as at May 1, 2023 records the largest claims as US$17,500,000 owed to Horizon Technology Finance Corporation and US$7,500,000 to Powerscourt Investments XXV, LP, with smaller amounts to affiliates in each lending group: Horizon Funding I LLC at US$114,583, and Horizon Credit II LLC and Powerscourt Investments XXV Trust at US$85,938 each. The list does not specify security for those claims. The largest trade claim shown is US$922,957 owed to Precision for Medicine and Oncology Canada, Inc.; the claims of the Atlantic Canada Opportunities Agency and Waters Limited are listed as contingent or unknown in amount.
A claims procedure has been established — see the order for deadlines.
Per the Schedule C - Instruction Letter for the Claims Procedure dated 9 May 2023.
Certificate of No Objection Regarding Final Report of the Foreign Representative and Motion for an Order Closing the Chapter 15 Cases — Application / notice of application
Chapter 15 Petition for Recognition of a Foreign Proceeding and Related Relief - IMV Inc. — Application / notice of application
Chapter 15 Petition for Recognition of a Foreign Proceeding and Related Relief - IMV USA Inc. — Application / notice of application
Chapter 15 Petition for Recognition of a Foreign Proceeding and Related Relief - Immunovaccine Technologies Inc. — Application / notice of application
Final Report of the Foreign Representative and Motion for an Order Closing the Chapter 15 Cases — Application / notice of application
Motion for Order Scheduling Hearing on Recognition of Chapter 15 Petitions and Specifying Form and Manner of Notice — Application / notice of application
Motion for Provisional Relief Pursuant to Section 1519 of the Bankruptcy Code — Application / notice of application
Motion of Foreign Representative for Entry of an Order Authorizing Joint Administration of Ch. 15 Cases (IMV USA) — Application / notice of application
Motion of Foreign Representative for Entry of an Order Authorizing Joint Administration of Ch. 15 Cases (Immunovaccine) — Application / notice of application
Motion of Foreign Representative for Entry of an Order Authorizing Joint Administration of the Chapter 15 Cases — Application / notice of application
Motion to Recognize and Enforce Claims Process Order and Grant Related Relief — Application / notice of application
Motion to Recognize and Enforce the Extension Order and Grant Related Relief — Application / notice of application
Motion to Recognize and Enforce the Second Extension Order and Related Relief — Application / notice of application
Verified Petition for Recognition of Foreign Proceeding and Related Relief — Application / notice of application
Factum of the Applicants in Support of the Issuance of an Amended and Restated Initial Order and a Claims Process Order — Amended and restated initial order
Debtor
IMV Inc., Immunovaccine Technologies Inc. and IMV USA Inc.
Monitor
FTI
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorFTI | Stikeman Elliott LLP | 16 Jul 2023 | Factum · 16 Jul 2023 |
| ApplicantIMV Inc., Immunovaccine Technologies Inc. and IMV USA Inc. | McCarthy Tétrault LLP · Stewart McKelvey | 5 May 2023 | Service list · 23 Nov 2023 |
| Foreign representative | Troutman Pepper Hamilton Sanders LLP | 5 Jan 2024 | Order · 5 Jan 2024 |
| CreditorAppointed | Stikeman Elliott LLP | 22 Sep 2023 | Application · 22 Sep 2023 |
| CreditorHorizon Technology Finance Corporation | Aird & Berlis LLP · Ropes & Gray LLP | 23 Nov 2023 | Application · 23 Nov 2023 |
| Secured creditorHorizon Technology Finance Corporation, as agent | Aird & Berlis LLP · Ropes & Gray LLP | 22 Sep 2023 | Application · 22 Sep 2023 |
| CreditorZoetis | Borden Ladner Gervais LLP | 22 Sep 2023 | Application · 22 Sep 2023 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Horizon Technology Finance CorporationListed in Consolidated List of Creditors; classification as secured inferred from lender identity (Horizon Technology Finance Corporation) but document does not label security type on this page - included per related lending group entries below — debtor: IMV Inc., Immunovaccine Technologies Inc. and IMV USA Inc. · as of 1 May 2023 | $17.5M USD | List of Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
90 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution. Secured Lenders short.Fifth Report of the Monitor · 22 Sep 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | shortfall | per the monitor | Fifth Report of the Monitor · 22 Sep 2023 |
| Secured | Horizon Technology Finance Corporation | — | interim | Finalper the monitor | Sixth Report of the Monitor · 20 Oct 2023 |
| Secured | Secured Lenders | — | shortfall | per the monitor | Sixth Report of the Monitor · 20 Oct 2023 |
| Unsecured | — | — | no distribution | per the monitor | Fifth Report of the Monitor · 22 Sep 2023 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans17 engagements · 2 firms — latest: Stikeman Elliott LLP, to 16 Nov 2023, in feesSeventh Report of the Monitor · 23 Nov 2023
| Firm | Period | Hours | Fees | Rates | Source | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FTI Consulting Canada Inc.Monitorperiod 4 of 5 | 28 Aug – 17 Sep 2023Sought | — | 8 people | Fifth Report of the Monitor · 22 Sep 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 people — FTI Consulting Canada Inc., 28 Aug – 17 Sep 2023 · 24 blurred figures
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| FTI Consulting Canada Inc.Monitorperiod 3 of 5 | 7 Aug – 27 Aug 2023Sought | — | 8 people | Fourth Report of the Monitor · 1 Sep 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 people — FTI Consulting Canada Inc., 7 Aug – 27 Aug 2023 · 24 blurred figures
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| FTI Consulting Canada Inc.Monitorperiod 2 of 5 | 10 Jul – 6 Aug 2023Sought | — | 6 people | Third Report of the Monitor · 15 Aug 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 people — FTI Consulting Canada Inc., 10 Jul – 6 Aug 2023 · 18 blurred figures
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| FTI Consulting Canada Inc.Monitorperiod 2 of 5 | the Period | — | Seventh Report of the Monitor · 23 Nov 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FTI Consulting Canada Inc.Monitorperiod 1 of 5 | the Period | — | Second Report of the Monitor · 13 Jul 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stikeman Elliott LLPCounsel to the monitorperiod 12 of 12 | to 16 Nov 2023 | — | 2 people | Seventh Report of the Monitor · 23 Nov 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 people — Stikeman Elliott LLP, to 16 Nov 2023 · 6 blurred figures
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| Stikeman Elliott LLPCounsel to the monitorperiod 12 of 12 | 15 Sep – 16 Nov 2023Sought | — | — | not stated | Seventh Report of the Monitor · 23 Nov 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stikeman Elliott LLPCounsel to the monitorperiod 10 of 12 | to 12 Oct 2023 | — | 2 people | Seventh Report of the Monitor · 23 Nov 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 people — Stikeman Elliott LLP, to 12 Oct 2023 · 6 blurred figures
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| Stikeman Elliott LLPCounsel to the monitorperiod 9 of 12 | to 5 Oct 2023 | — | 2 people | Seventh Report of the Monitor · 23 Nov 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 people — Stikeman Elliott LLP, to 5 Oct 2023 · 6 blurred figures
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| Stikeman Elliott LLPCounsel to the monitorperiod 8 of 12 | to 28 Sep 2023 | — | 2 people | Seventh Report of the Monitor · 23 Nov 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 people — Stikeman Elliott LLP, to 28 Sep 2023 · 6 blurred figures
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| Stikeman Elliott LLPCounsel to the monitorperiod 5 of 12 | to 14 Sep 2023 | — | 3 people | Fifth Report of the Monitor · 22 Sep 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 people — Stikeman Elliott LLP, to 14 Sep 2023 · 9 blurred figures
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| Stikeman Elliott LLPCounsel to the monitorperiod 5 of 12 | 1 Sep – 14 Sep 2023Sought | — | 4 people | Fifth Report of the Monitor · 22 Sep 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 people — Stikeman Elliott LLP, 1 Sep – 14 Sep 2023 · 12 blurred figures
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| Stikeman Elliott LLPCounsel to the monitorperiod 2 of 12 | 17 Aug – 31 Aug 2023Sought | — | 10 people | Fourth Report of the Monitor · 1 Sep 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10 people — Stikeman Elliott LLP, 17 Aug – 31 Aug 2023 · 30 blurred figures
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| Stikeman Elliott LLPCounsel to the monitorperiod 1 of 12 | 30 Jun – 11 Aug 2023Sought | — | 5 people | Third Report of the Monitor · 15 Aug 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 people — Stikeman Elliott LLP, 30 Jun – 11 Aug 2023 · 15 blurred figures
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| Stikeman Elliott LLPCounsel to the monitorperiod 3 of 12 | — | — | 2 people | Seventh Report of the Monitor · 23 Nov 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 people — Stikeman Elliott LLP · 6 blurred figures
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| Stikeman Elliott LLPCounsel to the monitorperiod 3 of 12 | — | — | 2 people | Seventh Report of the Monitor · 23 Nov 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 people — Stikeman Elliott LLP · 6 blurred figures
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| Stikeman Elliott LLPCounsel to the monitorperiod 1 of 12 | — | — | 2 people | Fifth Report of the Monitor · 22 Sep 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 people — Stikeman Elliott LLP · 6 blurred figures
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206 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Agenda of Matters for 5.9.2023 Hearing | PDF · Subscribers | |
| Agenda of Matters for 8.22.2023 Hearing | PDF · Subscribers | |
| Certificate of No Objection Regarding Final Report of the Foreign Representative and Motion for an Order Closing the Chapter 15 Cases | PDF · Subscribers | |
Certificate of No Objection Regarding Granting Recognition and Enforcement of the Extension Order and Related Relief
| PDF · Subscribers | |
Certificate of No Objection Regarding Motions For an Entry of an Order Enforcing the Second Extension Order and Granting Related Relief
| PDF · Subscribers | |
| Chapter 15 Petition for Recognition of a Foreign Proceeding and Related Relief - IMV Inc. | PDF · Subscribers | |
| Chapter 15 Petition for Recognition of a Foreign Proceeding and Related Relief - IMV USA Inc. | PDF · Subscribers | |
| Chapter 15 Petition for Recognition of a Foreign Proceeding and Related Relief - Immunovaccine Technologies Inc. | PDF · Subscribers | |
| Declaration of Alain N. Tardif in Support of Petitions for Recognition of Foreign Proceedings | PDF · Subscribers | |
| Declaration of Andrew Hall in Support of Petitions for Recognition of Foreign Proceedings | PDF · Subscribers | |
| Declaration of Brittany Davison in Support of the Motion | PDF · Subscribers | |
Final Report of the Foreign Representative and Motion for an Order Closing the Chapter 15 Cases
| PDF · Subscribers | |
Motion for Order Scheduling Hearing on Recognition of Chapter 15 Petitions and Specifying Form and Manner of Notice
| PDF · Subscribers | |
| Motion for Provisional Relief Pursuant to Section 1519 of the Bankruptcy Code | PDF · Subscribers | |
| Motion of Foreign Representative for Entry of an Order Authorizing Joint Administration of Ch. 15 Cases (IMV USA) | PDF · Subscribers | |
| Motion of Foreign Representative for Entry of an Order Authorizing Joint Administration of Ch. 15 Cases (Immunovaccine) | PDF · Subscribers | |
| Motion of Foreign Representative for Entry of an Order Authorizing Joint Administration of the Chapter 15 Cases | PDF · Subscribers | |
Motion to Recognize and Enforce Claims Process Order and Grant Related Relief
| PDF · Subscribers | |
| Motion to Recognize and Enforce the Approval and Vesting Order and Interim Distribution Order and Grant Related Relief | PDF · Subscribers | |
| Motion to Recognize and Enforce the Extension Order and Grant Related Relief | PDF · Subscribers | |
| Motion to Recognize and Enforce the Second Extension Order and Related Relief | PDF · Subscribers | |
| Notice of Filing and Hearing on Petition Seeking Recognition of Canadian Proceeding as Foreign Main Proceeding | PDF · Subscribers | |
| Notice of First Day Hearing | PDF · Subscribers | |
| Order Authorizing Joint Administration of the Chapter 15 Cases | PDF · Subscribers | |
| Order Closing Chapter 15 Cases | PDF · Subscribers | |
| Order Granting Provisional Refief | PDF · Subscribers | |
| Order Granting Recognition and Enforcement of the Extension Order and Related Relief | PDF · Subscribers | |
| Order Granting Recognition and Enforcement of the Second Extension Order and Related Relief | PDF · Subscribers | |
Order Scheduling Recognition Hearing and Specifying Form and Manner of Notice
| PDF · Subscribers | |
| Verified Petition for Recognition of Foreign Proceeding and Related Relief | PDF · Subscribers | |
| Notice of Agenda for Hearing Scheduled for January 5, 2024 | PDF · Subscribers | |
| CCAA Termination Order | PDF · Subscribers | |
Factum of the Monitor (CCAA Termination)
| PDF · Subscribers | |
| Redline - Revised Termination Order | PDF · Subscribers | |
| Revised Draft Order (CCAA Termination) | PDF · Subscribers | |
| Draft Order (CCAA Termination) | PDF · Subscribers | |
Notice of Motion (Returnable November 29, 2023)
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Seventh Report of the Monitor
| PDF · Subscribers | |
| Order (Extension and Approval of Sixth Report and Monitor's Activities) | PDF · Subscribers | |
| Draft Order (Extension and Approval of Sixth Report and Monitor's Activities) | PDF · Subscribers | |
Factum of the Monitor
| PDF · Subscribers | |
| Redline - Draft Order (Extension and Approval of Sixth Report and Monitor's Activities) | PDF · Subscribers | |
| Notice of Motion (Returnable October 25, 2023) | PDF · Subscribers | |
Sixth Report of the Monitor
| PDF · Subscribers | |
| Order (Re: Releasing and Channeling Injunction) | PDF · Subscribers | |
| Amended ARIO Order | PDF · Subscribers | |
| Factum of the Applicants in Support of the Issuance of an Amended and Restated Initial Order and a Claims Process Order | PDF · Subscribers | |
| Draft Order | PDF · Subscribers | |
Fifth Report of the Monitor
| PDF · Subscribers | |
Notice of Motion
| PDF · Subscribers | |
| Second Affidavit of Brittany Davison | PDF · Subscribers | |
| Approval and Vesting Order | PDF · Subscribers | |
| Interim Distribution and WEPPA Order | PDF · Subscribers | |
| Affidavit of Brittany Davison sworn on September 1, 2023 | PDF · Subscribers | |
| Draft Approval and Vesting Order | PDF · Subscribers | |
| Draft Interim Distribution and WEPPA Order | PDF · Subscribers | |
| Factum of the Applicants in Support of the Issuance of an Approval and Vesting Order and an Interim Distribution and WEPPAS Order | PDF · Subscribers | |
Fourth Report of the Monitor
| PDF · Subscribers | |
| Second Extension Order | PDF · Subscribers | |
| Affidavit of Andrew Hall sworn on August 15, 2023 | PDF · Subscribers | |
Factum of the Applicants in Support of the Issuance of an Extension Order
| PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
| Extension Order | PDF · Subscribers | |
Factum of the Monitor (Approval of the Monitor's Fees and Activities)
| PDF · Subscribers | |
| Affidavit of Andrew Hall sworn on July 13, 2023 | PDF · Subscribers | |
| Draft Extension Order | PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
| Claims Process Order | PDF · Subscribers | |
| Schedule A - Service List | PDF · Subscribers | |
| Schedule B - Employee Claim Statement | PDF · Subscribers | |
| Schedule C - Instruction Letter for the Claims Procedure | PDF · Subscribers | |
| Schedule D - Notice Letter for the Claim Procedure | PDF · Subscribers | |
| Schedule E - Notice of Revision or Disallowance | PDF · Subscribers | |
| Schedule F - Notice of Dispute | PDF · Subscribers | |
| Schedule G - Proof of Claim | PDF · Subscribers | |
| Affidavit of Andrew Hall sworn on May 3, 2023 | PDF · Subscribers | |
| Amended and Restated Initial Order | PDF · Subscribers | |
| CCAA FAQs | PDF · Subscribers | |
| Draft Amended and Restated Initial Order | PDF · Subscribers | |
| Draft Notice of Motion | PDF · Subscribers | |
Factum of the Applicants ARIO
| PDF · Subscribers | |
List of Creditors
| PDF · Subscribers | |
| Notice to Creditors | PDF · Subscribers | |
| First Report of the Monitor | PDF · Subscribers | |
| Affidavit of Andrew Hall sworn on April 28, 2023 | PDF · Subscribers | |
| CPO - Creditors' List | PDF · Subscribers | |
| Draft Notice of Application First Day Initial Order | PDF · Subscribers | |
| Factum of the Applicants First Day Initial Order | PDF · Subscribers | |
| Initial Order | PDF · Subscribers | |
| Pre-Filing Report of the Proposed Monitor | PDF · Subscribers | |
| Notice of Amended Agenda for Hearing Scheduled for January 5, 2024 | 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., “IMV Inc., Immunovaccine Technologies Inc. and IMV USA Inc.” (CCAA), Supreme Court of Nova Scotia. Retrieved 4 November 2026, https://proceedings.ca/case/imv-inc-immunovaccine-technologies-inc-and-imv-usa-inc