Quebec · CCAA
Second Report to the Court
Court officer report · 28 March 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 $3,2 M in text; Appendix C table shows cash balance at end of $3,178 (thousands) · as at: 2025-03-23 · amount: 3200000 · currency: CAD · qualifier: approximately
- operational summaryThe Debtors continued going-concern operations across their manufacturing facilities while the Monitor pursued a Going Concern SISP and a parallel GSI SISP, with post-filing expenses being paid in the normal course out of working capital.
- professional feesnote: Positive variance vs. budget due to timing; forecast also shows $3,203 thousand in professional fees over the 5-week Cash Flow Period ending April 28, 2025 · party: CCAA professionals (collectively, incl. Monitor) · amount: 610000 · period: week ended March 23, 2025 · currency: CAD
- report date27 March 2025
- report noSecond Report
- sale advisorFTI Capital Advisors - Canada ULC
- sale outcometext: Going Concern SISP and GSI SISP underway, with prospective bidders granted data room access and definitive bid deadlines pending · scope: whole_business · status: process_approved