Alberta · NOI
Second Supplemental Report to the Eighth Report of the Monitor
Court officer report · 5 December 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified
- operational summaryThe Applicants are seeking court approval of a sale transaction with a revised waterfall distribution to address Arena's objection; if not approved, the OWA intends to seek appointment of a receiver and the Applicants lack liquidity to continue, with directors/officers unable to continue past December 10, 2024.
- purchaserprice: note: Subscription Price of $8,375 (in C$ 000s) per Revised Waterfall Analysis · basis: cash · amount: 8375 · sealed: false · currency: CAD · scope: the Transaction contemplated by the Subscription Agreement · status: proposed · name note: referred to only as 'the Purchaser' under the Subscription Agreement; not named in this report · structure: shares · name source: recital · relationship: unstated
- report date5 December 2024
- report noSecond Supplemental Report to the Eighth Report
- sale advisorSale Advisor
- sale outcometext: the Court declined to grant the Relief sought approving the Transaction as proposed, and the Applicants now seek approval of the Transaction with a Revised Waterfall Analysis · scope: whole_business · status: pending_approval