Cloud Diagnostics Canada ULC

Overview

On June 5, 2024, Cloud Diagnostics Canada ULC. (the “Company”) filed a Notice of Intention to Make a Proposal (“NOI”) pursuant to subsection 50.4(1) of the Bankruptcy and Insolvency Act R.S.C., 1985, c. B-3 (“BIA”) and Crowe MacKay & Company consented to act as Licensed Insolvency Trustee under the Proposal.

Pursuant to subsection 50.4(8) of the BIA, the initial stay period under the NOI proceeding is from June 5, 2024 to July 5, 2024 unless the period is extended by the Court upon application by the Company. During this period, the Trustee will monitor the business of the Company and assist the Company in preparing its Proposal.

On or around June 14, 2024, the Company made an application to Court to approve, among other things, the granting of an extension of the stay of proceedings and the deadline for the filing of a proposal to July 29, 2022, an administration charge, and the approval of interim financing and the related interim financing charge. An order was granted by the Court on June 14, 2024.

On or around June 18, 2024, the Company made an application to Court to approve the proposed sale and investment solicitation process (the “SISP”) of the business and/or assets of the Company. An Order was granted by the Court on June 21, 2024.

Creditor Information:

Certificate of Filing

Creditor’s Package dated June 6, 2024

Court Pleadings:

Notice of Application made June 10, 2024

Order entered June 11, 2024

Order entered June 12, 2024

Order entered June 14, 2024

Notice of Application made June 18, 2024

Order entered June 21, 2024

SISP Procedures

Affidavit #1 of Kim MacDonald

Affidavit #2 of Kim MacDonald

Affidavit #1 of Robert Kaul

Affidavit #3 of Robert Kaul

Notice of Application made June 26, 2024

Order entered June 21, 2024

Order entered June 28, 2024

Proposal Trustee’s Reports

First Report to Court dated June 10, 2024

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