Ontario · Receivership (court-appointed)
Approval and Vesting Order
Approval and vesting order · 25 September 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 filing8 verified
- closing termsTransaction closes upon delivery of the Receiver's Certificate (the Effective Time), in the prescribed Closing Sequence: cash consideration paid, Excluded Assets/Contracts/Liabilities transferred to ResidualCo, Retained Assets vested free and clear, Existing Equity cancelled for no consideration, Subscribed Shares issued, Articles of Reorganization filed
- counselReconstruct LLP
- order date25 September 2026
- presiding officerJustice W.D. Black
- purchaserAllen Vanguard International Limited
- residualco1001752237 Ontario Inc.
- sale outcometext: Court approved the Subscription Agreement and the reverse vesting transaction, to close on delivery of the Receiver's Certificate · scope: whole_business · status: approved
- sealed itemsConfidential Appendices '1', '2' and '3' to the First Report sealed until further Order of the Court; Confidential Appendices '4' (the Subscription Agreement) and '5' to the First Report sealed until the earlier of Closing or further Order