Aereus Technologies Inc., NOI

Aereus Technologies Inc., an Ontario-based manufacturer of anti-microbial copper-based solutions for application on high-touch surface areas such as door handles and hospital equipment, filed an NOI on July 31, 2023. Throughout its existence, Aereus has not been profitable, experiencing recurring operational deficits in the millions of dollars each year since its inception. The company currently has total liabilities of approximately $7.5 million and assets of approximately $1.8 million. B. Riley Farber is the Proposal Trustee, represented by Aird & Berlis. TGF is counsel to the company and Miller Thomson is counsel to 1000608245 Ontario Inc., the DIP lender.

By: Dina Milivojevic