Core Viewpoint - Colabor Group Inc. has entered into protection under the Companies' Creditors Arrangement Act (CCAA) to facilitate its restructuring efforts and manage its financial obligations [1][2]. Group 1: CCAA Proceedings - The Superior Court of Quebec has issued an Initial Order granting Colabor and its subsidiaries protection under the CCAA, which includes a stay of proceedings against the Company and its subsidiaries [1][2]. - Raymond Chabot Inc. has been appointed as the Monitor to assist Colabor with its restructuring and report to the Court [2]. - The Initial Order allows for debtor-in-possession financing (DIP Financing) from The Toronto-Dominion Bank, The Bank of Montreal, and the Bank of Nova Scotia to support the Company's operations during the restructuring process [2]. Group 2: Sale and Investment Solicitation Process - The Court has approved a Sale and Investment Solicitation Process (SISP) to enable interested parties to submit proposals for the best possible transaction for Colabor and its stakeholders [3]. Group 3: Management Changes - Mr. Marc-Antoine Daoust has been appointed as Chief Financial Officer, succeeding Mr. Yanick Blanchard, who will now serve as Chief Restructuring Officer [4]. Group 4: Company Overview - Colabor is a distributor and wholesaler of food and related products, serving the hotel, restaurant, and institutional markets in Quebec and the Atlantic provinces, as well as the retail market [7].

Core Viewpoint - Colabor Group Inc. and its subsidiaries are seeking creditor protection under the Companies' Creditors Arrangement Act (CCAA) due to financial difficulties and are initiating a formal sale and investment solicitation process (SISP) to explore potential transactions [1][2]. Group 1: CCAA Application and SISP - The company is applying for an initial order to protect itself from creditors and to facilitate a SISP, allowing interested parties to submit proposals for the best possible transaction [2]. - The application includes a request for a stay of proceedings against the company and its subsidiaries, as well as interim debtor-in-possession (DIP) financing from major banks to support operations during the restructuring [2]. Group 2: Financial Obligations and Trading Status - The announcement follows a previous disclosure that the company failed to meet its obligations to provide non-binding letters of intent for refinancing and raising at least $15 million in equity by December 15, 2025 [3]. - Trading of the company's common shares on the Toronto Stock Exchange (TSX) has been halted, and the company is under delisting review due to its financial situation [4]. Group 3: Company Overview - Colabor is a distributor and wholesaler of food products serving the hotel, restaurant, and institutional markets in Quebec and the Atlantic provinces, as well as the retail market [5].

Core Insights - Colabor Group Inc. reported a significant increase in sales for Q3 2025, with a 31.1% rise to $212.5 million compared to $162.0 million in Q3 2024, driven by distribution activities and inflation effects [8][19] - The company experienced a net loss of $74.4 million from continuing operations, a stark contrast to net earnings of $1.2 million in the same quarter of the previous year, primarily due to an impairment charge on goodwill [21][8] - Kelly Shipway has been appointed as the new President and CEO, succeeding Louis Frenette, as part of a structured succession plan aimed at enhancing customer experience and profitability [3][5][9] Financial Performance - Adjusted EBITDA decreased to $5.8 million, representing a margin of 2.7% of sales, down from $9.5 million and 5.9% in Q3 2024 [20][8] - Cash flow from operating activities was negative at $(7.7) million for Q3 2025, compared to $9.9 million in Q3 2024, reflecting increased working capital utilization [25][8] - Net debt rose significantly to $112.1 million from $47.8 million at the end of 2024, attributed to the acquisition financing and increased credit facilities [26][8] Strategic Developments - The company is in the process of integrating Alimplus' activities, with site closures planned for Drummondville and Anjou by the end of November 2025 and January 2026, respectively [12][18] - A forbearance agreement with lenders has been extended until January 30, 2026, requiring liquidity maintenance and a minimum trailing twelve-month EBITDA [29][8] - The company aims to stabilize its capital structure and reduce debt while focusing on the successful integration of Alimplus to enhance growth and profitability [28][8]

Core Insights - Colabor Group Inc. reported a net loss of $2.3 million for Q2 2025, a significant decline from net earnings of $1.7 million in Q2 2024, primarily due to decreased adjusted EBITDA and increased operational costs [4][12][14] - The company experienced a 5.1% increase in sales, reaching $169.5 million compared to $161.3 million in the same quarter of the previous year, driven by the acquisition of Alimplus Inc. and organic growth from major accounts [7][10] - Adjusted EBITDA fell to $5.4 million, representing a margin of 3.2%, down from $9.7 million and 6.0% in Q2 2024, attributed to lower gross margins from a renewed supply agreement [11][14] Financial Performance - Sales from continuing operations for the 12-week period were $169.5 million, up from $161.3 million in 2024, while for the 24-week period, sales were $301.2 million compared to $292.5 million in 2024 [4][13] - Adjusted EBITDA for the 12-week period was $5.4 million (3.2% margin) compared to $9.7 million (6.0% margin) in 2024, and for the 24-week period, it was $7.6 million (2.5% margin) compared to $14.6 million (5.0% margin) in 2024 [11][14] - Cash flow from operating activities decreased to $4.5 million for the 12-week period and $10.7 million for the 24-week period, down from $5.0 million and $16.7 million in 2024, respectively [15] Debt and Financial Position - As of June 14, 2025, net debt increased to $97.3 million from $47.8 million at the end of 2024, primarily due to the acquisition financing [16] - The financial leverage ratio rose to 4.3x, up from 2.4x at the end of 2024, indicating increased reliance on debt [4][6] Recent Developments - A cybersecurity incident was identified on July 20, 2025, impacting the company's internal IT systems [3] - The acquisition of Alimplus Inc. is expected to enhance growth and market position, with a six-year distribution agreement signed to serve Groupe Mayrand Alimentation inc. [8][9] - The company aims to improve profitability and prioritize debt reduction in the second half of 2025 [18]

Amendment No. 2 As filed with the Securities and Exchange Commission on January 5, 2023 Registration No. 333-268559 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 To FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 STEAKHOLDER FOODS LTD. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) State of Israel 2000 Not Applicable (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Ident ...