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FTI Consulting Canada Inc. / Rokstad Holdings Corporation
On October 10, 2024 (the "Appointment Date"), FTI Consulting Canada Inc. was appointed as Interim Receiver ("FTI" or the "Interim Receiver"), without security, of all of the bank accounts, receipts and disbursements (the "Property") of Rokstad Holdings Corporation, Rokstad Power (2018) Ltd., Golden Ears Painting & Sandblasting (2018) Ltd., Plowe Power Systems (2018) Ltd., Rokstad Power Construction Services Ltd., Rokstad Power Transmission Services Ltd., and Rokstad Power (Prairies) Ltd. (collectively, the "Debtors") pursuant to an order of this Honourable Court (the "Interim Receivership Order").
On November 22, 2024, the Receiver as the authorized foreign representative (the "Foreign Representative"), obtained an order; (a) directing the joint administration of these Chapter 15 Cases for procedural purposes only; (b) authorizing the Foreign Representative to file consolidated lists of information required by Bankruptcy Rule 1007(a)(4); and (c) authorizing the Foreign Representative to redact certain personal identifying information contained in the Consolidated Lists and other service lists and to redact such information from any affidavit of service or other papers filed in these Chapter 15 Cases.
On December 13, 2024, the Receiver obtained an order from the Court approving a Stalking Horse Asset Purchase Agreement as between the Receiver and 1501841 B.C. LTD. and STELLEX POWER LINE OPCO LLC. and approving a Sale Solicitation Process (the "SSP"). The deadline for submission of binding offers pursuant to the SSP is January 10, 2025. In addition to the above, the Receiver obtained an order from the Court approving a key employee retention plan.
For additional information please contact the Receiver:
Phone Number: 1-778-300-9729
Toll Free Number: 1-833-501-8735
Email: rokstad@fticonsulting.com
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