Ontario · CCAA
Eleventh Report of the Monitor
Court officer report · 22 April 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 filing11 verified
- cash on handnote: Cash balance of the Debtors and Monitor collectively following distributions made on December 18, 2025. · as at: 2025-12-18 · amount: 11900000 · currency: CAD · qualifier: approximately
- closing confirmedscope: the Purchased Assets · outcome: completed · effective: 2025-12-15 · purchaser: 1001363332 Ontario Inc. · date basis: stated · approval order date: 2025-11-10
- fee scheduleengagements: form: report_table · rows: · money: approximate: false · period: kind: unstated · label: KPMG Fee Period · quote: The average hourly rate billed by the Monitor during the KPMG Fee Period is $808.41. · approval: state: unstated · averages: rate: 808.41 · quote: The average hourly rate billed by the Monitor during the KPMG Fee Period is $808.41. · currency: · invoices: · firm text: KPMG Inc. · firm quote: ELEVENTH REPORT OF KPMG INC., IN ITS CAPACITY AS MONITOR · context quote: IN ITS CAPACITY AS MONITOR; form: report_table · rows: · money: approximate: false · period: end: 2026-03-31 · kind: interim · label: Approval Period · quote: for the period from October 1, 2025, to March 31, 2026 (the ' Approval Period ') · start: 2025-10-01 · approval: quote: for an Order seeking, among other things, approval of the fees and disbursements of Osler · state: sought · averages: rate: 999.3 · quote: at an average hourly rate of $999.30 · currency: · invoices: · firm text: Osler · firm quote: the fees and disbursements of Osler in its capacity as legal counsel for the Monitor · hours total: quote: Osler incurred a total of 831.10 hours in connection with this matter during the Approval Period · value: 831.1 · context quote: legal counsel for the Monitor for the period from October 1, 2025, to March 31, 2026 (the ' Approval Period ')
- operational summaryFollowing the closing of the Transaction and completion of the Transition Services Agreement period, the Debtors have no ongoing operations, as substantially all of the business and assets were sold; the Monitor is now seeking discharge of the CRO and enhanced powers to wind down remaining matters.
- process resultsbids: 4 · note: four Phase 2 Bids received in the SISP, as referenced in the Approval and Vesting Order
- professional feesnote: Excludes sales taxes; disbursements of $30,275.01 also stated separately. Osler fees for same period were $830,645.00 plus disbursements of $17,848.30, both excluding sales taxes. · party: KPMG Inc. (Monitor) · amount: 432500 · period: October 1, 2025 to March 31, 2026 · currency: CAD
- purchaser1001363332 Ontario Inc.
- report date22 April 2026
- report noEleventh Report
- sale advisorCanadian Imperial Bank of Commerce
- sale outcometext: The Transaction closed on December 15, 2025 · scope: whole_business · status: closed