Ontario · Proposal
Second Report of Proposal Trustee
Court officer report · 30 April 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 filing8 verified
- cash on handnote: Closing cash (deficit) after DIP funding, actual, week ending April 27, 2025 · as at: 2025-04-27 · amount: 186722 · currency: CAD
- operational summaryIndeed continues to operate as the Proposal Trustee and Sales Agent prepare and conduct a court-supervised stalking horse sale process for the company's business and assets, funded by interim DIP financing, while communicating with creditors and customers to preserve ongoing operations.
- purchaser1000481370 Ontario Inc.
- report date30 April 2025
- report noSecond Report
- sale advisorBDO Transaction Advisory
- sale outcometext: The Company seeks approval of a stalking horse sale process for its business and assets, with the Stalking Horse Bid acting as the minimum bid · scope: whole_business · status: process_approved
- stalking horse1000481370 Ontario Inc. (4900000)