What we verified from this filing11 verified
- report noSecond Report
- cash on handamount: 26700000 · currency: CAD
- operational summaryBased on the Monitor's review thus far, the Debtors have displayed diligence, good faith and proper intentions in pursuing these restructuring proceedings, and the Monitor considers that the Revised Cash Flow Forecast is reasonable and that the Debtors will have sufficient liquidity to continue operations during the 11-week period ending December 26th, 2025.
- report date29 October 2025
- cash on handnote: Opening cash balance for Revised Cash Flow Forecast; forecast also projects a low of $3.8M and closing balance of $8.6M, which are forecasts not actuals. · as at: 2025-10-11 · amount: 26700000 · currency: CAD
- operational summaryThe Debtors continue operating under CCAA protection while pursuing a Sale and Investment Solicitation Process (now in Phase 2), managing a cash flow shortfall caused by delayed collection of the Dematic settlement, and are expected to have sufficient liquidity to continue operations through the extended stay period.
- process resultsndas: 51 · note: 170 potential bidders solicited (93 financial and 77 strategic); CIM circulated to 51 Phase 1 Qualified Bidders having executed NDAs; several non-binding LOIs received · as of: 2025-10-29 · solicited: 170 · qualified bids: 51
- report date29 October 2025
- report noSecond Report
- sale advisorErnst & Young Orenda Corporate Finance Inc.
- sale outcometext: SISP continuing into Phase 2 with definitive offers expected by November 21, 2025 · scope: whole_business · status: process_approved