Ontario · CCAA
Stalking Horse Subscription Agreement
Order (other) · 5 September 2025
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 filing6 verified · 1 withheld
- closing termsClosing Date is ten (10) days (or such shorter period as the Purchaser determines) after the Article 8 conditions are satisfied or waived; Closing Time 12:01 a.m. Toronto time
- outside date24 October 2025
- purchaserprice: note: Purchase Price = DIP Indebtedness + Secured Indebtedness (retained as Debtor liabilities) + Savent Interest + Closing Payment; estimated at approximately $11,000,000 · basis: mixed · amount: 11000000 · sealed: false · currency: CAD · scope: 100 newly-issued common shares of the Debtor (the 'Purchased Shares'), with cancellation of all Existing Shares · status: proposed · name note: nominee to be incorporated on behalf of 1001180045 Ontario Inc. and Kanterra Science Inc.; stalking horse bid, subject to SISP · structure: subscription · name source: operative · relationship: stalking_horse · agreement date: 2025-08-19 · nominee or assignee: A nominee to be incorporated on behalf of 1001180045 ONTARIO INC. and KANTERRA SCIENCE INC.
- residualcoResidualCo
- sale outcometext: Stalking Horse Subscription Agreement dated August 19, 2025 to be approved as stalking horse bid in the SISP Order; it may or may not be the Successful Bid · scope: whole_business · status: process_approved
- stalking horseA nominee to be incorporated on behalf of 1001180045 Ontario Inc. and Kanterra Science Inc. (11000000)
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.