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      NOI proceedings

      On April 8, 2025, Ecoation Innovative Solutions Inc. (“Ecoation" or the "Company") filed a Notice of Intention to Make a Proposal ("NOI") under subsection 50.4(1) of the Bankruptcy and Insolvency Act (the "BIA"). KPMG Inc. ("KPMG") consented to act as trustee under the proposal.

      The principal purpose of the NOI Proceedings is to create a stabilized environment to provide the Company with the opportunity to carry out a stalking horse sale process for its business and assets, or to restructure its business, so that the Company can present a viable proposal to its creditors.

      Contact

      KPMG Inc.
      Phone: 514-840-2311
      reclamation@kpmg.ca
      kpmg.com/ca/9249206
      kpmg.com/ca/9249206-fr

      Proposal

      On September 29, 2025, Ecoation filed a Proposal (the “Proposal”) pursuant to subsection 62(1) of the BIA. KPMG continued to act as trustee under the Company’s Proposal.

      The meeting of creditors was held on October 17, 2025, at 10:00 a.m. PST via the Microsoft Teams platform. The Proposal was accepted by the required majority of creditors as identified in the Proposal.

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      Pritesh Patel
      Pritesh Patel

      Partner, Deal Advisory, Restructuring and Turnaround

      KPMG in Canada

      account_balance

      Information on companies for which KPMG is acting as Monitor, Receiver and Manager, Liquidator, or Trustee in Bankruptcy.
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