Quebec · CCAA
Motifs de l'Ordonnance d'approbation et de dévolution modifiée et reformulée - 2024-02-13 (English only)
Approval and vesting order · 13 February 2024 · French
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 filing6 verified
- closing termsOnly the $3 million Initial Consideration is paid at closing; the Final Consideration is paid in four or six months; rents prepaid
- order date9 February 2024
- presiding officerJustice Christian Immer
- purchaserprice: note: Initial Consideration of $3 million paid at closing; balance (Final Consideration) payable in four or six months; total consideration redacted · basis: cash · sealed: true · scope: the purchase and sale and other transactions under the Amended and Restated Share Purchase Agreement, together with pre-closing reorganization steps (reverse vesting transaction); medical clinics operating out of the Building · status: approved · name note: purchaser under the Second Amended and Restated Share Purchase Agreement is not named in these reasons · structure: shares · name source: operative · relationship: unstated · agreement date: 2024-01-31
- sale outcometext: Amended and Restated Approval and Vesting Order (reverse vesting order) granted approving the share purchase transaction for the medical clinics; the Building to be sold separately · scope: whole_business · status: approved
- sealed itemsConsideration in the SARSPA redacted in the filed version