Galaxie Brands

On August 6, 2024, the Ontario Superior Court of Justice (Commercial List) (the "Court") issued an order (the "Initial Order") pursuant to the Companies' Creditors Arrangement Act ("CCAA"). The Initial Order provided for certain relief, including a stay of proceedings against 1000370759 Ontario Inc. and Galaxie Brands Corporation (collectively, the “Debtors”) and ordered that KPMG Inc. be appointed as Court-appointed monitor of the Debtors (in such capacity, the “Monitor”).

On April 7, 2026, the Monitor served on the service list in the CCAA Proceedings a certificate (the "Monitor's Termination Certificate") certifying among other things that the Monitor has completed its duties in the CCAA Proceedings and as such, the CCAA Proceedings are terminated and KPMG Inc. is discharged from its duties as Monitor of the Applicants. A copy of the Monitor's Termination Certificate can be found below.

On August 15, 2024, the Court granted an order, which among other things, approved (i) a sale and investment solicitation process (the "SISP") and (ii) a stalking horse subscription agreement dated August 15, 2024 (the "Stalking Horse Agreement"). Copies of the Bidding Procedures in connection with the SISP, and the Stalking Horse Agreement can be found within the Sale and investment solicitation process section below. Pursuant to the Bidding Procedures, the deadline by which all interested buyers must submit bids to the Monitor in connection with the SISP was September 24, 2024 at 5:00pm EST.

On November 28, 2024, the Court granted an order, which among other things, an Approval and Vesting Order for the Transaction.

On December 9, 2024, the Monitor filed it's Monitor's Certificate with the Court and the transaction was closed. A copy of the Monitor's Certificate can be found below.