Ontario · CCAA
Fifth Report of the Monitor dated May 18, 2022
Court officer report · 18 May 2022
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
- operational summaryMedifocus has halted product sales due to COVID-related demand declines and supply chain issues, and is working to complete a reverse vesting/reorganization transaction with the purchaser while awaiting OSC approval to lift its cease trade order.
- process resultsbids: 0 · note: No Binding APAs other than the Stalking Horse Agreement were received by the Bid Deadline · as of: 2021-11-22 · qualified bids: 0
- purchaserAsset Profits Limited
- report date18 May 2022
- report noFifth Report
- sale outcometext: Reorganization Transaction approved and closing extended for Company and Purchaser to complete · scope: whole_business · status: approved
- stalking horseAsset Profits Limited (1079818.85)