Quebec · CCAA
Fourth Report of the Monitor
Court officer report · 5 May 2025
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What we verified from this filing11 verified
- cash on handnote: Stated in $000s as closing cash balance of ResidualCo for the Post-Closing Period. · as at: 2025-05-02 · amount: 1039000 · currency: CAD
- closing confirmedscope: the Xediton Transaction · outcome: completed · effective: 2025-02-04 · purchaser: Xediton Pharmaceuticals Inc. · date basis: stated · approval order date: 2025-02-04
- disbursementsnote: Total Cash Outflows for the twelve-week Post-Closing Period from February 5, 2025, to May 2, 2025. · since: February 5, 2025 · amount: 22053000 · currency: CAD
- operational summaryFollowing the closing of the Xediton Transaction, the Debtors (ResidualCo and NewParentCo) no longer conduct active business operations and are being wound down, with the Monitor collecting remaining Excluded Assets, winding down the pension plan, and preparing for eventual termination of the CCAA proceedings or bankruptcy.
- professional feesnote: Stated in $000s as 'Payment of Professional Fees (Pre and Post Xediton Transaction)'. · party: Professionals (Pre and Post Xediton Transaction) · amount: 1423000 · period: February 5, 2025 to May 2, 2025 · currency: CAD
- purchaserXediton Pharmaceuticals Inc.
- receipts cumulativenote: Total Cash Inflows for the twelve-week Post-Closing Period from February 5, 2025, to May 2, 2025. · since: February 5, 2025 · amount: 23092000 · currency: CAD
- recovery outcomeentries: basis: actual · quote: | Distribution to Secured Creditors (Sagard and Accord) | (19 664) | · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: monitor · amount low: 19664000 · amount high: 19664000 · class label: Secured Creditors (Sagard and Accord) · creditor name: Sagard and Accord · interim final: unstated · currency quote: CAD · claims qualifier: unstated · stated on: 2025-05-05 · table missing:
- report date5 May 2025
- report noFourth Report of the Monitor
- sale outcometext: The Xediton Transaction has closed and the Residual Entities were added as Debtors · scope: whole_business · status: closed