Power & renewables

STS Renewables Ltd.

Restructuring and insolvency · Ontario · Power & renewables · Officer's report · In court · 05 May 2026

On November 25, 2025, the Monitor filed a Supplement to the Sixth Report (the " Supplement to the Sixth Report ") to provide the Court with the information on: The security opinion of local United States' counsel with respect to the security of BNS; and.

stay expiry 2025-09-30
stay expiry 2025-10-31
stay expiry 2025-11-30

Court file CV-25-00743275-00CL · Ontario Superior Court of Justice (Commerical List)

Opened 15 May 2025

PricewaterhouseCoopers Inc. (court officer)

“On August 7, 2025, the Court issued the Stay Extension Order which, among other things, extended the Stay Period to September 30, 2025.”

“On September 25, 2025, the Court issued the Second Stay Extension Order which, among other things, extended the Stay Period up to and including October 31, 2025.”

“An order (the " Third Stay Extension Order "), among other things, extending the Stay Period to and including November 30, 2025.”

• OSB record of the proceeding

Urbancorp Renewable Power Inc.

Restructuring and insolvency · Ontario · Power & renewables · Endorsement · In court · 25 Feb 2026

Endorsement of Justice Morawetz dated February 25, 2026

Opened 28 Jun 2018

AlixPartners Restructuring, Inc. (court officer)

• URPI - Discharge Order dated February 25, 2026

Callaway Capital Management, LLC, with REVOLVE RENEWABLE POWER CORP.

Debt financing · British Columbia · Power & renewables · Announced · 23 Feb 2026

Callaway Capital Management, LLC (" Callaway " or the " Lender ") is pleased to announce the initial closing (the " Initial Closing ") of the $10 million in loans contemplated by that certain secured convertible credit agreement dated February 5, 2026 (the " Credit Agreement ") with Revolve Renewable Power Corp. (" Revolve " or the " Company "), a North American owner, operator and developer of…

conversion price C$0.28 (per Common Share)
conversion price C$0.40 (per Common Share)

Consideration US$40MM

“Tranche A is convertible, at the option of the Lender, into common shares of the Company (the " Common Shares ") at a conversion price of CAD$0.28 per Common Share.”

“Tranche B is convertible, at the option of the Lender, into Common Shares at a conversion price of CAD$0.40 per Common Share.”

• CALLAWAY CAPITAL MANAGEMENT COMPLETES ITS INITIAL US$10 MILLION CLOSING OF US$40 MILLION STRATEGIC FINANCING…