Ontario · CCAA
Sale Approval - Reverse Vesting Order (August 24, 2026)
Reverse vesting order · 24 August 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 filing8 verified
- closing termsClosing occurs upon delivery of the Monitor's Certificate confirming satisfaction/waiver of closing conditions, triggering the deemed sequence of steps (vesting of Excluded Assets in ResidualCo, issuance and vesting of Purchased Shares in the Purchaser, etc.)
- counselMiller Thomson LLP
- order date24 August 2026
- presiding officerJustice Cavanagh
- purchaserThentia Holdings Ltd.
- residualco1001709843 Ontario Inc.
- sale advisorDoane Grant Thornton Corporate Finance Inc.
- sale outcometext: Subscription Agreement and Transaction approved by the Court; RVO grants vesting of Purchased Shares in the Purchaser and Excluded Assets/Contracts/Liabilities in ResidualCo effective at Closing Time · scope: whole_business · status: approved