Quebec · CCAA
Monitor's Fifth Report
Court officer report · 25 September 2025
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What we verified from this filing5 verified
- process resultsbids: 1 · lois: 4 · ndas: 13 · note: Only one Binding Offer received from StormFisher Hydrogen Ltd. by the Extended Phase 2 Bid Deadline, designated a Phase 2 Qualified Bid. · as of: 2025-08-21 · solicited: 71 · qualified bids: 1
- purchaserStormFisher Hydrogen Ltd.
- recovery outcomeentries: basis: estimated · quote: Given the results of the SISP, no distribution is expected to be made to any creditors other than the beneficiaries of the Administrative Charge, the KERP Charge and the Interim Lenders' Charge, but in the case of the latter, only for a portion of their DIP Financing Facility. · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: creditors other than the beneficiaries of the Administrative Charge, the KERP Charge and the Interim Lenders' Charge · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: the Monitor expects that there will be no distribution to any secured creditors · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: secured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-09-25 · table missing:
- sale advisorBarclays
- sale outcometext: Proposed Transaction selected as Successful Bid, subject to Court approval, not yet closed · scope: whole_business · status: pending_approval