Overview

On April 16, 2026, Addy Technology Corp. (the “Company”) filed a Notice of Intention to Make a Proposal (“NOI”) pursuant to subsection 50.4(1) of the Bankruptcy and Insolvency Act R.S.C., 1985, c. B-3 (“BIA”) and Crowe MacKay & Company consented to act as Licensed Insolvency Trustee (the “Proposal Trustee”) under the Proposal.

Pursuant to subsection 50.4(8) of the BIA, the initial stay period under the NOI proceeding is from April 16, 2026 to May 15, 2026, unless the period is extended by the Court upon application by the Company. During this period, the Proposal Trustee will monitor the business of the Company and assist the Company in preparing its Proposal.

On April 27, 2026, the Company made an application to Court to approve:

An order (the "SISP Order"), which includes, among other things:

• the granting of an extension of the stay of proceedings for an additional 45 days from May 16, 2026 to June 30, 2026; 
• the proposed sale and investment solicitation process (the “SISP”), including the approval of a bid to act as a stalking horse bid (the “Stalking Horse Agreement"); and,
• a stalking horse share purchase agreement (the "Stalking Horse Agreement") between the Company and 15252936 B.C. Ltd. (the "Stalking Horse Bidder") as the stalking horse bid for the purpose of conducting the SISP.

A reverse vesting order (the "RVO") which includes, among other things, the approval of the transaction contemplated in the Stalking Horse Agreement (the “Stalking Horse Transaction”) and all necessary relief to complete the Stalking Horse Transaction without further court order in the event that the Stalking Horse Bidder is the Successful Bidder, as defined in the SISP.

Copies of the relevant pleadings can be found below.

Certificate of Filing

Creditor's Package