Quebec · CCAA
Fifth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
Court officer report · 15 May 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 filing7 verified · 1 withheld
- cash on handnote: Stated as 'as of the date of this Fifth Report' (dated May 15, 2025); the report states all amounts are in US dollars unless otherwise stated. · amount: 984000 · currency: USD · qualifier: approximately
- operational summaryLion has halted production and cut staff to 16 employees to run the SISP and maintain its assets. After the Quebec government declined to invest on April 30, 2025, the SISP was extended and a revised Investors Consortium offer was selected. That offer is to be implemented by a reverse vesting transaction continuing part of the business as a going concern.
- purchaser9539-5034 Québec Inc.
- report date15 May 2025
- report noFifth Report
- sale advisorNational Bank Financial Inc.
- sale outcometext: The board of directors accepted the Selected Offer and the Subscription Agreement was finalized and executed; approval sought via RVO Application · scope: whole_business · status: pending_approval
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.