Ontario · CCAA
Third Report Of The Monitor
Court officer report · 23 January 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- cash on handnote: Table 'Summary of amounts received by the Monitor' (CAD $000's): Excluded Cash and Administrative Expense Amount (QM Transaction) 1,050; HWT Purchase Price Proceeds 2,500; Holdback Funds (held in separate trust account) 623; Less: Professional fees paid after Closing Date (189); Consolidated Cash Balance as at January 16, 2026: 3,984 · as at: 2026-01-16 · amount: 3984000 · currency: CAD · qualifier: approximately
- operational summaryThe QM Transaction and HWT Transaction have both closed, with ResidualCo now the sole remaining Applicant; the Monitor is administering the LRO Claims Process, holding transaction proceeds and holdback funds, and winding down the CCAA proceedings toward an eventual creditor distribution.
- professional feesnote: Line item 'Less: Professional fees paid after the Closing Date' in the Monitor's cash summary table, in CAD $000's; also cash flow variance table shows Actual professional fees of $690,000 (Budget $1,191,000) for the 4-week Reporting Period October 11 to November 4, 2025. · party: Professionals (unspecified, paid from funds held by Monitor) · amount: 189000 · period: since Closing Date (November 4, 2025) to January 16, 2026 · currency: CAD
- report date23 January 2026
- report noThird Report