On May 13, 2025, the Ontario Superior Court of Justice (Commercial List) (the “Court”) issued three orders in respect of Formula Solutions Inc. (the “Debtor”). Firstly, an order (the “Receivership Order”) appointing Bricks Damiani Inc. as receiver (the “Receiver”) of all the assets, undertakings and property of FSI. Second, an order (the “AVO”) authorizing and directing the Receiver to enter into an auction services agreement (the “Auction Services Agreement”) with Corporate Assets Inc. (“Corporate Assets” or the “Auctioneer”) and vesting the right, title and interest of the Debtor in and to the Property listed in the Auction Services Agreement (the “Purchased Assets”), to Corporate Assets upon the closing of the sale transaction under the Auction Services Agreement (the “Transaction”). Thirdly, an order (the “Ancillary Order”), which among other things, authorizes the Receiver to enter into an agreement (the “Auction Access Agreement”) between the landlord, the Receiver and the Auctioneer.