The Ontario Securities Commission (OSC) has granted an order to Allbanc Split Corp. II, determining that the corporation has ceased to be offering its securities to the public. This decision is based on subsection 1(6) of the Business Corporations Act (Ontario) (OBCA). The Applicant, Allbanc Split Corp. II, is an offering corporation under the OBCA and has represented that it does not plan to seek public financing through securities offerings. Additionally, the Applicant had previously been granted an order on April 5, 2021, confirming that it is not a reporting issuer in Ontario or any other Canadian jurisdiction, as per National Policy 11-206. The Commission has concluded that granting this order would not be against the public interest. Consequently, the Applicant is officially recognized as having ceased to offer its securities to the public according to the OBCA. The decision was made in Toronto, Ontario, on April 7, 2021.
