Ontario · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 18 June 2024
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 filing4 verified
- financial positionnote: The Receiver states: 'The Receiver is not aware of any secured creditors who currently hold a security interest in the Property of Antibe' (p.9); the Endorsement of Justice Osborne likewise states 'Antibe has no secured creditors' (p.55, original numbering, para 6). Known unsecured claims as at the Date of Appointment (April 22, 2024) totaled approximately $40.9 million, comprised of Nuance's Arbitral Award claim of approximately $33.8 million (~82%) and other unsecured creditors of approximately $7.1 million (~18%). No total assets figure is stated in the excerpted pages. · page: 9 · as at: 2024-04-22 · basis: per the Information (Receiver's review of Company's books and records, unaudited) · scope: Antibe Therapeutics Inc. - total known unsecured claims only (no secured creditors) · currency: CAD · total liabilities: 40900000
- sale advisorBloom Burton Securities Inc.
- sale outcometext: the proposed sale process (the ' Sale Process '), including the engagement of Bloom Burton Securities Inc. as financial advisor to the Receiver · scope: whole_business · status: process_approved
- secured creditors