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Vicinity Motor Corp. - Reports
The following reports have been filed in the proceedings:
Second Report of the Receiver |
December 9, 2025 |
The purpose of this Second Report is to provide this Honourable Court with:
(a) information regarding the Receiver's activities since the First Report of the Receiver dated April 4, 2025 (the "First Report");
(b) the results of the Auction;
(c) a summary of the marketing process undertaken by the Receiver and its real estate agent, Windermere Real Estate ("Windermere"), to solicit offers for the Ferndale Property;
(d) a summary of the key commercial terms of the Purchase Agreement;
(e) an update on the status of arbitration proceedings with Optimal EV;
(f) a summary of the Receiver's interim statement of cash receipts and disbursements ("R&D"); and
(g) the Receiver's conclusions and recommendations with respect to the Receiver's application for the Ferndale AVO.
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First Report of the Receiver |
April 4, 2025 |
The purpose of this First Report is to provide information to the Court on the following:
(a) the Receiver's activities since the Receivership Date;
(b) a summary of the marketing process undertaken by the Receiver which has resulted in the Auction Agreement;
(c) background on the Foreign-Trade Zone;
(d) a summary of the status of arbitration proceedings being pursued by the Receiver;
(e) a summary of the Receiver's interim statement of cash receipts and disbursements; and
(f) the Receiver's conclusions and recommendations.
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