Ontario · CCAA
Approval and Reverse Vesting Order of Justice Kimmel dated November 4, 2026.PDF
Reverse vesting order · 4 November 2026
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
- closing termsAt the Effective Time, on delivery of the Monitor's Certificate, the Purchaser pays the Cash Consideration, Excluded Assets/Contracts/Liabilities vest in ResidualCo, Encumbrances are discharged, Existing Equity is cancelled, the Articles of Reorganization are filed and the Subscribed Shares are issued to the Purchaser, sequentially per the Closing Sequence.
- counselThornton Grout Finnigan LLP
- order date4 November 2026
- presiding officerJustice Kimmel
- purchaserFirm Capital Mortgage Fund Inc.
- residualco18266565 Canada Inc.
- sale advisorTransaction Advisor
- sale outcometext: The Court approved the Subscription Agreement and the Transaction (a reverse vesting structure) with Firm Capital Mortgage Fund Inc.; closing occurs upon delivery of the Monitor's Certificate. · scope: whole_business · status: approved