Quebec · CCAA
Sale Approval and Vesting Order
Approval and vesting order · 3 June 2024
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 filing7 verified
- closing termsClosing occurs on the Effective Date, being the date the Monitor issues its Certificate; the Monitor may rely on written notice from the Sellers and the Buyer that closing conditions are fulfilled.
- order date3 June 2024
- presiding officerJustice Martin Castonguay
- purchaserComediHa! 24 Inc.
- residualco9517-3258 Québec inc.
- sale outcometext: Court approves the Transactions: ratifies the Purchase Agreement with ComediHa! 24 Inc., authorizes the pre-closing reorganization, vests the Purchased Assets and Purchased Shares in the Buyer, and transfers excluded assets and liabilities to ResidualCo. · scope: whole_business · status: approved
- sealed itemsPurchase Agreement (Exhibit R-3) filed under seal until Closing of the Proposed Transaction; Schedules B, C, D and E to the Third Report (Exhibit R-6) kept confidential and under seal until further order