FTI Consulting, Inc. / NextPoint Financial, Inc.

On July 25, 2023 NextPoint Financial, Inc. and certain other related entities ("NextPoint" or the "Applicants") sought and obtained an initial order (the "Initial Order") from the Supreme Court of British Columbia (the "Court") under the Companies' Creditors Arrangement Act R.S.C. 1985, c. C-36, as amended ("CCAA"). The Initial Order provides, among other things, a stay of proceedings which may be extended from time to time. Pursuant to the Initial Order FTI Consulting Canada Inc. was appointed monitor (the "Monitor") of the Applicants.

NextPoint is seeking recognition of the CCAA proceedings in the U.S. Bankruptcy Court for the District of Delaware under Chapter 15 of the U.S. Bankruptcy Code and a provisional relief hearing has been scheduled for July 27, 2023.

For additional information please contact the Monitor's hotline:
Phone: 877-255-9085
Email: NextPoint@fticonsulting.com