British Columbia · Receivership (court-appointed)

Notice to Creditors

Notice to creditors · 29 October 2024

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What we verified from this filing1 verified

financial positionnote: Components: Cash 223, Receivables 7,217, Inventory 37,543, Prepaids and deposits 6,195, Intangible assets 13,557, Property, plant, and equipment 32,120 (amounts in thousands of CAD). Cash reflects the amount received into the Receiver's bank accounts upon appointment. Secured creditor amounts owed: RBC 22,449, EDC 11,941, Total 34,390 (thousands CAD, as of October 21, 2024). Unsecured creditors total approximately 35,167 (thousands CAD) per Schedule A. · as at: 2024-06-30 · basis: book value as stated in the unaudited financial statements of the Debtors as at June 30, 2024, not audited, reviewed or verified by the Receiver · scope: entity - the Debtors (Vicinity Motor Corp., Vicinity Motor (Bus) Corp., Vicinity Motor (Bus) USA Corp., Vicinity Motor Property, LLC) collectively · currency: CAD · total assets: 96855000