Quebec · CCAA
Seventh Report to the Court
Court officer report · 21 August 2026
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What we verified from this filing10 verified
- cash on handnote: Closing cash balance represents aggregate cash held by the Monitor, a positive variance of $531K versus forecast · as at: 2026-08-21 · amount: 4300000 · currency: CAD · qualifier: approximately
- closing confirmedscope: the Mach Transaction · outcome: completed · effective: 2025-05-10 · purchaser: 95395893 Quebec Inc. · date basis: stated · approval order date: 2025-04-28; scope: the GSI Transaction · outcome: completed · effective: 2026-05-15 · purchaser: GSI IDK Holdco, Inc. · date basis: stated · approval order date: 2026-04-22
- disbursementsnote: Net disbursements were approximately $17.0M higher than projected, largely due to a $17.5M distribution to secured creditors · since: 19-week period ended August 21, 2026 · amount: 18014000 · currency: CAD
- operational summaryThe Debtors have completed the Mach and GSI sale transactions and made a $17.5M distribution to the Lenders; the Monitor is now overseeing an orderly wind-down of the CCAA and Chapter 15 Proceedings toward final distributions.
- professional feesnote: Actual professional fees were $394k lower than the $932k budgeted; a separate line for 'Professional fees - GSI' shows $37k actual vs $70k budget · party: Professionals engaged in the CCAA Proceedings (aggregate, including Monitor and GSI-related professional fees separately) · amount: 538000 · period: 19-week period ended August 21, 2026 · currency: CAD
- purchaser95395893 Quebec Inc.; GSI IDK Holdco, Inc.
- receipts cumulativenote: Net receipts were $16.1M higher than projected, mainly due to proceeds from the GSI Transaction · since: 19-week period ended August 21, 2026 · amount: 16087000 · currency: CAD
- report date21 August 2026
- report noSeventh Report
- sale advisorthe GSI SISP Advisor