Ontario · Proposal
Third Report of the Proposal Trustee
Court officer report · 26 June 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 filing8 verified
- cash on handnote: Actual closing cash after DIP funding for week ending April 27, 2025 · as at: 2025-04-27 · amount: 186722 · currency: CAD
- operational summaryIndeed continues to operate as the Proposal Trustee develops and prepares to launch a stalking horse sale process for the Company's business and assets, funded by DIP financing from 370 Ontario, while the Company seeks a stay extension to July 1, 2025.
- purchaser1000481370 Ontario Inc.
- report date30 April 2025
- report noSecond Report of the Proposal Trustee
- sale advisorBDO Transaction Advisory
- sale outcometext: Sale Process proposed with Stalking Horse Bid, seeking Court approval · scope: whole_business · status: process_approved
- stalking horse1000481370 Ontario Inc. (4900000)