Nova Scotia · CCAA
Sixth Report of the Monitor
Court officer report · 20 October 2023
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 filing1 verified
- recovery outcomeentries: basis: unstated · quote: No party other than the Secured Lenders currently has an economic interest in these CCAA Proceedings given that the Secured Lenders will not be repaid in full. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Secured Lenders · creditor name: Secured Lenders · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Pursuant to the Interim Distribution and WEPPA Order, the Applicants were authorized to make an initial distribution to Horizon in the amount of $2,000,000. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 2000000 · cumulative: false · amount high: 2000000 · class label: Horizon Technology Finance Corporation · creditor name: Horizon Technology Finance Corporation · interim final: interim · claims qualifier: unstated; basis: estimated · quote: The Monitor understands that the IMV Group intends to make an additional distribution to Horizon in the amount of approximately $1,000,000 following closing of the Equipment and Lease Transaction. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 1000000 · cumulative: false · amount high: 1000000 · class label: Horizon Technology Finance Corporation · creditor name: Horizon Technology Finance Corporation · interim final: unstated · conditional on: following closing of the Equipment and Lease Transaction · claims qualifier: unstated · stated on: 2023-10-20 · table missing: