Ontario · Receivership (court-appointed)
Second Report of the Receiver dated September 19, 2025 (Part 1 of 3)
Court officer report · 19 September 2025
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What we verified from this filing6 verified
- operational summaryThe Receiver conducted a court-approved sale process for the Debtors' assets and business, resulting in an executed asset and share purchase agreement with 16239005 Canada Inc., pending court approval; the Debtors' operations have wound down with employees terminated and premises being disclaimed or relocated.
- process resultsbids: 8 · ndas: 17 · note: Four Binding Offers contemplated a Liquidation Proposal and four contemplated a Partial Sale. · as of: 2025-09-17 · solicited: 77 · qualified bids: 17
- purchaser16239005 Canada Inc.
- report date19 September 2025
- report noSecond Report
- sale outcometext: Successful bid selected pending court approval of the Transaction · scope: whole_business · status: pending_approval