Ontario · CCAA
Order (Approval and Reverse Vesting Order)
Reverse vesting order · 29 August 2023
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 filing6 verified
- closing termsClosing occurs upon delivery of the Monitor's Closing Certificate, effecting a sequence of steps including vesting of Excluded Assets in Residual Co., channeling of Excluded Contracts/Leases/Liabilities to Residual Co., filing of Articles of Amendment, issuance of Purchased Shares to FIKA, and cancellation of prior Equity Interests.
- order date29 August 2023
- presiding officerJustice Osborne
- purchaser2759054 Ontario Inc.; 2707031 Ontario Inc.
- residualco15315441 Canada Inc.
- sealed itemsConfidential Appendix 'A' to the Third Report