IntelGenx files for CCAA creditor protection, three directors resign, TSX halt

IntelGenx Technologies Corp.

Québec Superior Court granted initial CCAA order for creditor protection on May 17, 2024.
Liquidity crisis from inability to secure bridge financing and regulatory approval delays.
Directors Clemens Mayr, Sahil Kirpekar, Ryan Barrett resigned effective immediately.
Company plans to seek court approval for a sale/investment solicitation process.
TSX trading halted; Ernst & Young appointed as monitor; DIP financing authorized.

item 5.02 item 7.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Sahil Kirpekar

Director

IntelGenx Technologies Corp.

Effective: 2024-05-17
Filed: May 21, 2024, 7:59 PM ET

On May 17, 2024, the Board of Directors ("Board") of IntelGenx Technologies Corp. (the "Company") received the resignations of Clemens Mayr, Sahil Kirpekar and Ryan Barrett, effectively immediately (the "Resignations").

Departed

Clemens Mayr

Director

IntelGenx Technologies Corp.

Effective: 2024-05-17
Filed: May 21, 2024, 7:59 PM ET

On May 17, 2024, the Board of Directors ("Board") of IntelGenx Technologies Corp. (the "Company") received the resignations of Clemens Mayr, Sahil Kirpekar and Ryan Barrett, effectively immediately (the "Resignations").

Departed

Ryan Barrett

Director

IntelGenx Technologies Corp.

Effective: 2024-05-17
Filed: May 21, 2024, 7:59 PM ET

On May 17, 2024, the Board of Directors ("Board") of IntelGenx Technologies Corp. (the "Company") received the resignations of Clemens Mayr, Sahil Kirpekar and Ryan Barrett, effectively immediately (the "Resignations").

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Sahil Kirpekar resigned as Director at IntelGenx Technologies Corp..

Action: resigned
Role: Director

Exact text from the filing

On May 17, 2024, the Board of Directors ("Board") of IntelGenx Technologies Corp. (the "Company") received the resignations of Clemens Mayr, Sahil Kirpekar and Ryan Barrett, effectively immediately (the "Resignations").

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Clemens Mayr resigned as Director at IntelGenx Technologies Corp..

Action: resigned
Role: Director

Exact text from the filing

On May 17, 2024, the Board of Directors ("Board") of IntelGenx Technologies Corp. (the "Company") received the resignations of Clemens Mayr, Sahil Kirpekar and Ryan Barrett, effectively immediately (the "Resignations").

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Ryan Barrett resigned as Director at IntelGenx Technologies Corp..

Action: resigned
Role: Director

Exact text from the filing

On May 17, 2024, the Board of Directors ("Board") of IntelGenx Technologies Corp. (the "Company") received the resignations of Clemens Mayr, Sahil Kirpekar and Ryan Barrett, effectively immediately (the "Resignations").

View on SEC.gov

Source: SEC EDGAR

accession 0001062993-24-010823

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