FormerXBC Inc XEBEQ

RE:Addition to Monitor's webpage

[dalesio_98]

dalesio_98 wrote: Application for the Issuance of a Fourth Amended and Restated Initial Order, Approval and Veting Orders, a Wage Earner Protection Program Act Order and Ancillary Relief dated March 11, 2023
https://www.insolvencies.deloitte.ca/en-ca/Documents/Xebec/App%20Issuance%20FARIO%20AVOs%20a%20WEPP%20Order%20Ancillary%20Relief%20Affidavit%20dated%20March%2011%2c%202023.pdf

Titus:

43. The Fluid-Aire APA contemplates the sale of the Fluid-Aire Purchased Assets for a purchase price of USD 1,353,000 plus Accrued Liabilities, as more fully set forth in Article 3 of the Fluid-Aire APA (the “Fluid-Aire Purchase Price”).

 

XBC Wisconsin:

58. The Total Energy APA contemplates the sale of the Total Energy Purchased Assets for a purchase price of USD 121,000 plus the sum of 80% of the Accounts Receivable and 80% of the Inventory as of the Closing Date and Assumed Liabilities, as more fully set forth in Article 3 of the Total Energy APA (the “Total Energy Purchase Price”). 

 

76. The Monitor, in consultation with the secured lenders, is holding in trust proceeds in relation to the ACS Transaction, the FSTQ Transaction, the Sullair Transaction and the Ivys Transaction, in the net amount of $19.3 million (the “Reserve”).