Allumiqs Solutions inc. and Allumiqs Corporation
- Proceeding
- NOIsection 50.4 of the Bankruptcy and Insolvency Act, RSC 1985, c B-3
- Industry
- Health care · Pharmaceuticals & biotech
Allumiqs Solutions inc. and Allumiqs Corporation are in a notice of intention proceeding under section 50.4 of the Bankruptcy and Insolvency Act, commenced July 3, 2026 in Nova Scotia. The proceeding remains active. The only step on the record is a court officer report filed the same day the notice of intention was given, so the file as it stands reflects the commencement of the two companies' proceeding and nothing beyond it.
By order of August 28, 2026 the court extended the stay to October 9, 2026, approved the sale and investment solicitation process with a bid deadline of October 21, 2026, and granted an administration charge.
Source: Stay Extension, SISP, Administration and DIP Charge Order
By order of July 31, 2026 the stay was extended to September 4, 2026.
Source: Stay Extension Order
A report of MNP Ltd. as proposal trustee accompanied the July 3, 2026 filing for Allumiqs Solutions Inc.
Source: Allumiqs Solutions inc. - Notice of Intention to Creditors
Court officer report filed the same day the notice of intention was given, opening the record in the Nova Scotia proceeding for both Allumiqs companies.
Source: Allumiqs Corporation - Notice of Intention to Creditors
Filing brief
Allumiqs: from 2% a month to 9% a year, and from CRO to interim CEO
A Halifax-headquartered contract research group with its laboratory in Sherbrooke filed notices of intention on July 3 and, on August 28, obtained a repriced $550,000 DIP from two lenders, one of them a company whose sole director is now the group's interim chief executive, together with a $100,000 administration charge, SR&ED credits carved out of both charges and held in trust, a sale process with an October 21 bid deadline, and a handwritten exception for the president's retention bonus.
Debtor
Allumiqs Solutions inc. and Allumiqs Corporation
Proposal trustee
MNP
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorCompanies | BoyneClarke LLP | 24 Jul 2026 | Application · 24 Jul 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | 4833651 Nova Scotia Limited and Shawn Weadock (DIP Lender)as of NOI filing date / DIP term sheet — DIP Charge over all present and future assets, property and undertakings of both Companies, up to $600,000 (post-filing financing, not pre-filing capital structure) — This is proposed DIP (post-filing) financing, not a pre-filing secured creditor; included for completeness per Table 1 details but is not part of pre-filing capital structure — debtor: Allumiqs Corporation and Allumiqs Solutions Inc. (joint and several borrowers) | $550K | First Report of the Proposal Trustee |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
7 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale process approved — The SISP has been launched and is ongoing; parties have signed NDAs and the Trustee continues diligence ahead of the October 21, 2026 Bid Deadline, with a Successful Bidder to be selected and definitive documents finalized by October 28, 2026 and any approval motion heard on or before November 6, 2026.Third Report of the Proposal Trustee · 1 Oct 2026
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Third Report of the Proposal Trustee
| PDF · Subscribers | |
| Order | PDF · Subscribers | |
Affidavit of Alex Dunne
| PDF · Subscribers | |
Stay Extension, SISP, Administration and DIP Charge Order
| PDF · Subscribers | |
Second Report of the Proposal Trustee
| PDF · Subscribers | |
| Affidavit of Michael Mailman | PDF · Subscribers | |
Breif
| PDF · Subscribers | |
| Draft SISP & DIP Order | PDF · Subscribers | |
| Notice of Motion | PDF · Subscribers | |
Stay Extension Order
| PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
| Affidavit of Peter Hickey | PDF · Subscribers | |
| Brief | PDF · Subscribers | |
Notice of Application in Chambers
| PDF · Subscribers | |
Allumiqs Corporation - Notice of Intention to Creditors
| PDF · Subscribers | |
Allumiqs Solutions inc. - Notice of Intention to Creditors
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Allumiqs Solutions inc. and Allumiqs Corporation” (NOI), Supreme Court of Nova Scotia. Retrieved 4 November 2026, https://proceedings.ca/case/allumiqs-solutions-inc-and-allumiqs-corporation