Eve & Co Incorporated provided an update following its filing for creditor protection under the Companies' Creditors Arrangement Act on March 25, 2022. The Company has announced that the Ontario Superior Court of Justice issued an Amended and Restated Initial Order that, among other things, extended the stay of proceedings to August 26, 2022. The Court also issued an order approving a sale and investment solicitation process.

The Company intends to conduct the SISP with the goal facilitating a transaction that sees the Company emerge from CCAA protection as a going concern. The Company expects to make further announcements as material progresses under the CCAA process continue to occur.