Quebec · CCAA
Fifth Report to the Court
Court officer report · 9 December 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
- cash on handnote: Stated as $5.3 M; represents the aggregate cash on hand held by the Monitor. · as at: 2025-11-30 · amount: 5300000 · currency: CAD · qualifier: approximately
- disbursementsnote: Actual total disbursements for the 19-week period ended November 30, 2025 (in thousands of $CAD: 37,126), includes $35.5M distribution to secured creditors. · since: beginning of the 19-week period (cash flow forecast start) · amount: 37126000 · currency: CAD
- operational summaryFollowing the closing of the Mach Transaction, the Debtors' main remaining asset is an 85% equity interest in GSI; the Monitor is pursuing a sale process (GSI SISP) for GSI and negotiating with bidders, with a transaction expected to close before an eventual orderly wind-down of the CCAA proceedings.
- professional feesnote: Figure is from December CF Forecast (in thousands of $CAD: 1,357.1); professional fees related to the GSI SISP will be assumed by GSI, not the Debtors. · party: Monitor, Monitor's legal counsel, GSI SISP Advisor, and Applicant's legal counsel · amount: 1357100 · period: 26-week period ending May 30, 2026 · currency: CAD
- receipts cumulativenote: Actual total receipts for the 19-week period ended November 30, 2025 (in thousands of $CAD: 822). · since: beginning of the 19-week period (cash flow forecast start) · amount: 822000 · currency: CAD
- report date9 December 2025
- report noFifth Report