Workflow
Voxtur Analytics Corp. Initiates Court-Supervised Restructuring Process to Strengthen Financial Position and Support Long-Term Growth
Globenewswireยท2025-11-10 19:23

Core Points - Voxtur Analytics Corp. has filed for creditor protection under the Companies' Creditors Arrangement Act (CCAA) to restructure its financial affairs [1][3] - The Ontario Superior Court has granted an Initial Order that includes a stay of proceedings, approval of a DIP Loan, and the appointment of PricewaterhouseCoopers Inc. as the Monitor [2][4] - The restructuring aims to provide flexibility and protection for the company to streamline operations and maximize stakeholder value [4][6] Company Operations - The board of directors and management will continue to oversee day-to-day operations, ensuring no disruption in service levels or data integrity for clients [5] - Voxtur has secured an interim financing loan facility of USD 2,350,000 from Hale Capital to fund the CCAA proceedings and maintain operations [6] Market Context - The company has been under a cease trade order since September 5, 2025, due to the failure to file interim financial statements for the period ended June 30, 2025, and is subject to a delisting review by the Toronto Venture Stock Exchange [7]