Ecolomondo Corporation (TSXV: ECM), a Québec-based cleantech company, announced that the Superior Court of Québec (Commercial Division) has approved an Asset Purchase Agreement dated October 1, 2026, authorising the sale of substantially all of the Debtors' assets to Tire Reviver Inc. The transaction proceeds under the Companies' Creditors Arrangement Act (CCAA), with KPMG Inc. acting as court-appointed monitor. Net proceeds from the sale will be distributed in accordance with applicable legislation, the company stated. Investors in ECM will be watching closely as this approval represents a significant step in the ongoing restructuring process.

Key Points

  • Ecolomondo Corporation (TSXV: ECM) is a Canadian cleantech company headquartered in Québec
  • The Superior Court of Québec approved the Asset Purchase Agreement, authorising the sale of substantially all Debtors' assets to Tire Reviver Inc.
  • The Asset Purchase Agreement is dated October 1, 2026; the court order was announced October 23, 2026
  • Investors should monitor further CCAA-related court proceedings and any additional news releases required by law

Superior Court of Québec Approves Ecolomondo Asset Sale to Tire Reviver Inc.

The Superior Court of Québec (Commercial Division) approved the Asset Purchase Agreement between KPMG Inc., acting as monitor on behalf of Ecolomondo Corporation and four wholly-owned subsidiaries — Ecolomondo Environmental (Hawkesbury) Inc., Ecolomondo Environmental (Contrecoeur) Inc., 9083-5018 Québec Inc., and Ecolomondo Advanced Carbon Technologies Inc. — as vendors, and Tire Reviver Inc. as purchaser. The court order authorises the sale of substantially all of the Debtors' assets outside the ordinary course of business, the release states.

Net Proceeds Distribution and CCAA Process Framework

According to the announcement, net proceeds realised from the asset sale will be distributed in accordance with applicable legislation. The CCAA proceedings remain ongoing, with KPMG Inc. serving as court-appointed monitor. Additional information on the proceedings is available through the Monitor's website, the company noted. Ecolomondo stated that further news releases will be issued as required by law, applicable securities regulations, or as determined necessary by the company or the Court during the CCAA process.

Ecolomondo's Cleantech Background and Thermal Decomposition Technology

Ecolomondo Corporation was established as a Canadian cleantech firm focused on its proprietary Thermal Decomposition Process (TDP) technology, designed to recover high-value commodities from scrap tire waste, including recovered carbon black, tire-derived oil, syngas, fibre, and steel. The company operated facilities associated with its Hawkesbury and Contrecoeur subsidiaries. The court-approved sale to Tire Reviver Inc. marks a material shift in the company's operational trajectory. The immediate share price impact was not clear from available public information.