627493 N.B. Corporation and The Bold Corporation

627493 N.B. Corporation and The Bold Corporation have been in court-appointed receivership in the Ontario Superior Court of Justice since August 25, 2025, under BIA s. 243 and provincial Judicature Act authority, in court file CV-25-00002356-0000. The proceeding is active. Canadian Imperial Bank of Commerce reported indebtedness of CAD $12,136,418.08 as at July 29, 2025, comprising a CDN revolving line of credit of CAD $6,377,488.03, a USD revolving line of USD $3,729,058.52, term loans of CAD $83,768.51 and USD $315,660.21, and legal fees of CAD $12,555.32, plus per diem interest, with USD converted at a CIBC advised rate of 1.40. CIBC holds security over the present and after-acquired personal property of In-Lite/627 and, under a September 16, 2024 agreement, over Bold's property. Ramon Pieters and The Bold Corporation gave unlimited guarantees; Export Development Canada guaranteed 627's CIBC debt to a limit of CDN $9,037,500 under a January 29, 2024 credit agreement amendment. A September 6, 2021 priority agreement subordinated the Business Development Bank of Canada's security to CIBC's.