Sale and Investment Solicitation Process

On April 1, 2026, the Court granted an Order (the “SISP Order”), which among other things, approved the sale and investment solicitation process (the “SISP”) in the form attached as Schedule “A” to the SISP Order.
 

More information about the SISP can be found here.

The Teaser Letter can be found here.

Interest parties are required to submit a non-binding letter of interest (“LOI”) to the Monitor no later than 5:00 p.m. (Eastern Time) on May 1, 2026 (the “Phase 1 Bid Deadline”).

Interested parties who wish to participate in the SISP must provide the Monitor with an executed Non-Disclosure Agreement. Please contact the Monitor for additional information regarding the SISP and for a copy of the Non-Disclosure Agreement.

SISP Update

• An asset acquisition of all of the Intellectual Property by Ad Populum, to be implemented by way of an approval and vesting order (the "AP Transaction"). The AP Transaction closed on July 13, 2026;
   
• the assignment of the Vaughan Mills Lease to Fox Jumbo, to be implemented by way of an assignment order (the "Fox Jumbo Transaction"). The Fox Jumbo Transaction closed on July 8, 2026; and 
   
• the acquisition of the majority of the Applicant's remaining business and assets, excluding the Purchased IP and the Vaughan Mills Lease, by 262, to be implemented by way of an approval and vesting order (the "262 Transaction").  The 262 Transaction closed on July 10, 2026.