Ontario · Receivership (court-appointed)
Approval and Reverse Vesting Order
Reverse vesting order · 30 October 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 filing7 verified
- closing termsClosing occurs upon delivery of the Receiver's Closing Certificate to the Purchaser (the Closing Time), certifying that the Purchase Price has been satisfied, closing conditions under Article 7 of the Subscription Agreement have been satisfied or waived, and the Transaction has been completed to the Receiver's satisfaction; the Receiver may rely on written notice from the Purchaser on satisfaction or waiver of conditions.
- counselDickinson Wright LLP
- order date30 October 2026
- presiding officerJustice W.D. Black
- purchaserHyperion Compute Corp.
- residualcoa corporation to be incorporated (ResidualCo)
- sale outcometext: Court approved the Subscription Agreement with Hyperion Compute Corp. and the reverse vesting transaction; closing is pending delivery of the Receiver's Closing Certificate. · scope: whole_business · status: approved