BioAmber Inc fka BIOAQ

[TenKay]

1 year and 291 days since BioAmber Stock delisted form NYSE
1 year and 273 days since LAST SEC Financial filing by BioAmber Inc.
1 year and 251 days since FINRA added the “Q” to BioAmber ticker.
1 year and 209 days since Bioamber Inc. filed Chapter 15 under the US Bankruptcy Code.
1 year and 167 days since Company announced failure of the SISP and intent to pursue liquidation.
1 year and 166 days since BioAmber liquidation commenced.
1 year and 135 days since company announced all Officers and Directors of BioAmber resigned.
1 year and 116 days since Court approved the Visolis transaction
1 year and 83 days since the Visolis/LCY transaction closed
1 year and 80 days since last SEC filing by the company announcing the completion of the sale of its assets to LCY/Visolis.
175 days since final court Order regarding termination of CCAA proceedings
85 days since Land Registry updated to show LCY as owner
52 days since FINRA suspended BIOAQ CUSIP and deleted the BIOAQ ticker
21 days since filing of the Monitor’s Discharge Certificate releasing PWC.
7 Days since last update from PWC.

PricewaterhouseCoopers Inc ("PwC") was discharged as Monitor of the Companies on December 23, 2019. As a result of the discharge the CCAA Proceedings are now terminated.

PwC continues to receive queries from BioAmber shareholders regarding the status of the Companies and their shares. However, PwC has no further role or involvement with the Companies and is unable to respond to these queries. Shareholders should speak with their financial advisor regarding their options.

As previously reported to the Court in our role as Monitor, the tangible assets of the Companies were sold. There were insufficient proceeds from those sales to satisfy the claims of secured and unsecured creditors in full. The Monitor has distributed the funds in its hands from the liquidation of the Companies' assets to the secured creditors of the Companies as directed by the Court.

There was no plan of compromise or arrangement made in the CCAA Proceedings in respect of the Companies to otherwise address creditor claims. As such those claims remain outstanding and rank in priority to equity claims.

All parties are referred to the prior reports of the Monitor in the CCAA Proceedings regarding the results of the proceedings.