British Columbia · NOI
Trustee’s Second Report to Court
Court officer report · 23 October 2024
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What we verified from this filing9 verified
- cash on handnote: Actual cash ending balance for the period July 9, 2024 to October 1, 2024 per the Variance Analysis table · as at: 2024-10-01 · amount: 271807 · currency: CAD · qualifier: actual, per cash flow variance analysis
- disbursementsnote: Total actual disbursements per Variance Analysis for period July 9, 2024 to October 1, 2024 · since: July 9, 2024 · amount: 806776 · currency: CAD
- operational summaryThe Company continues to operate while pursuing a sale/investment solicitation process, with the Proposal Trustee recommending court approval of a reverse vesting order to Teralta to preserve the business as a going concern.
- process resultsbids: 6 · ndas: 15 · note: at least seventy-nine (79) parties emailed teaser letter; at least fifteen (15) responses/NDAs; six offers received during SISP · solicited: 79
- purchaserTeralta Hydrogen Solutions Inc.
- receipts cumulativenote: Total actual receipts per Variance Analysis for period July 9, 2024 to October 1, 2024 · since: July 9, 2024 · amount: 982864 · currency: CAD
- report date23 October 2024
- report noSecond Report
- sale outcometext: The Proposal Trustee recommends the Court approve the Superior Bid from Teralta involving a reverse vesting order · scope: whole_business · status: approved