Ontario · NOI
Second Report of the Proposal Trustee dated November 9, 2025
Court officer report · 9 November 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 filing7 verified
- operational summaryThrough a court-supervised sale process the Company has agreed to sell substantially all of its assets (its AI motion-analysis products) to SimpleTherapy, Inc., with closing expected in late November 2025 if approved. The Company continues to operate and the Proposal Trustee is monitoring cash flow weekly against the 13-week forecast.
- process resultsbids: 3 · ndas: 8 · as of: 2025-10-24 · solicited: 440 · qualified bids: 3
- professional feesnote: No total is stated. The report says professional fees have exceeded budgeted amounts, mainly because of additional US work to stay ongoing litigation and obtain a recognition order in the Chapter 15 proceedings. The budget-to-actual figures are in Appendix E, which was not provided in readable form. · party: Proposal Trustee, its counsel, and Company counsel/advisors · period: since the Filing Date · currency: CAD
- purchaserSimpleTherapy, Inc.
- report date9 November 2025
- report noSecond Report
- sale outcometext: The Proposal Trustee respectfully recommends that this Honourable Court approve the Transaction between the Company and Purchaser pursuant to the APA. · scope: whole_business · status: pending_approval