#Filing
Compendium of the Applicant (Motion returnable July 29, 2026) — Application / notice of application
ClearPier Acquisition Corp. and 1000238820 Ontario Inc.
FollowClosed
- Proceeding
- CCAACCAA
OverviewSummary updated
ClearPier Acquisition Corp. and 1000238820 Ontario Inc. remain under CCAA protection, with the stay of proceedings now running to July 31, 2026. Proceedings commenced April 2, 2025 under an initial stay expiring April 14, 2025, which has since been extended in successive steps through August 7, September 30, October 10 and October 31, 2025, December 31, 2025 and March 31, 2026. A bid deadline, marking the end of Phase 1, was set for June 4, 2025. Export Development Canada is the applicants' only secured creditor, owed amounts in excess of approximately CDN$30.5 million and US$40 million under a September 8, 2022 credit agreement. On a consolidated book-value basis at December 31, 2024, the CPAC Group's liabilities of US$75,110,823 exceeded assets of US$51,808,140 by US$23,302,682.
Proceedings AIAsk this case — answers cite the filings
Case updates55 dated entries
52 earlier updates, back to 2 April 2025 — subscribers.
AnalysisAll insights
Precedent note
What stay extensions are actually granted
Seven CCAA files, three provinces, and no two extensions alike — four days because the court could not sit, twenty days more than the debtor asked for, a full year when all that is left of the company is a lawsuit. The boundary is the case's own calendar.
Parties
Debtor
ClearPier Acquisition Corp. and 1000238820 Ontario Inc.
Monitor
Richter
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 14 orders, Apr 2025 – Jul 2026 | 285 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 2 orders, Jul 2026 | 288 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorRichter | McCarthy Tétrault LLP | 28 Oct 2025 | Application · 28 Oct 2025 |
| ApplicantClearPier Acquisition Corp. and 1000238820 Ontario Inc. | Norton Rose Fulbright Canada LLP · Stikeman Elliott LLP | 9 Apr 2025 | Application · 22 Jul 2026 |
| CreditorExport Development Canada | Norton Rose Fulbright Canada LLP | 9 Apr 2025 | Service list · 9 Apr 2025 |
| CreditorRoyal Bank of Canada | McMillan LLP | 9 Apr 2025 | Service list · 9 Apr 2025 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Export Development Canada (EDC) · in 99 casesas of currently owed (as stated in Pre-Filing Report, April 1, 2025) — Secured under Credit Agreement dated September 8, 2022 against the assets of CPAC, 1002 Ontario, PubPlus, Cygobel and KPM, and the shares of HMA; EDC also holds unsecured guarantees from Additional Guarantors (ClearPier Inc., CPP, Solavid Inc., Advinteo Inc., Vexigo Inc., MQ) — Stated as 'currently owed amounts in excess of approximately ... US$40 million' (floor, not exact dated balance; word 'excess of'). Original USD advances were Facility B US$20,100,000 (KPM/Cygobel acquisition) and Facility C US$14,800,000 (HMA acquis | $40M USD | Pre-Filing Report of the Proposed Monitor Richter Inc. |
Sale processAs stated in the filings
RecoveriesAs stated in the filings
EDC: shortfall.EstimatedFourth Report of the Monitor Richter Inc. · 7 Oct 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | EDC | — | shortfall | Estimatedper the monitor | Fourth Report of the Monitor Richter Inc. · 7 Oct 2025 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents
54 filings
| Date | Document | File |
|---|---|---|
| Compendium of the Applicant (Motion returnable July 29, 2026) | PDF · Subscribers | |
Counsel Endorsement Slip
| PDF · Subscribers | |
| Counsel Endorsement Slip – dated July 29, 2026 | Trustee site | |
Factum of Export Development Canada (Receivership Application returnable July 29, 2026)
| PDF · Subscribers | |
| Order (Appointing Receiver) – dated July 29, 2026 | Trustee site | |
Order – (Termination and Discharge)
| PDF · Subscribers | |
| Eighth Report of the Monitor | PDF · Subscribers | |
AMENDED Notice of Application
| PDF · Subscribers | |
| Application Record | PDF · Subscribers | |
Counsel Endorsement Slip – dated March 31, 2026
| PDF · Subscribers | |
Order (Stay Extension)
| PDF · Subscribers | |
Factum of the Monitor (Stay Extension)
| PDF · Subscribers | |
| Motion Record (Stay Extension Order) | PDF · Subscribers | |
| Seventh Report of the Monitor Richter Inc. | PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Counsel Endorsement Slip – dated December 17, 2025
| PDF · Subscribers | |
Order (Stay Extension and Ancillary Relief)
| PDF · Subscribers | |
Factum of the Monitor (Approval and Vesting Order and Stay Extension and Ancillary Order)
| PDF · Subscribers | |
| Sixth Report of the Monitor Richter Inc. | PDF · Subscribers | |
Motion Record (Approval and Vesting Order, Stay Extension and Ancillary Order)
| PDF · Subscribers | |
Counsel Endorsement Slip – dated October 30, 2025
| PDF · Subscribers | |
Order (Stay Extension) – dated October 30, 2025
| PDF · Subscribers | |
| Fifth Report of the Monitor Richter Inc. | PDF · Subscribers | |
Motion Record (Stay Extension Order) – dated October 28, 2025
| PDF · Subscribers | |
Order (Stay Extension and Monitor’s Enhanced Powers)
| PDF · Subscribers | |
Factum of Export Development Canada
| PDF · Subscribers | |
Fourth Report of the Monitor Richter Inc.
| PDF · Subscribers | |
Notice of Motion (Stay Extension and Monitor’s Enhanced Powers)
| PDF · Subscribers | |
Counsel Endorsement Slip – dated September 26, 2025
| PDF · Subscribers | |
Order (Second Stay Extension)
| PDF · Subscribers | |
| Third Report of the Monitor Richter Inc. | PDF · Subscribers | |
| Motion Record – (Second Stay Extension) | PDF · Subscribers | |
| Counsel Endorsement | PDF · Subscribers | |
Order (Stay Extension) – dated August 7, 2025
| PDF · Subscribers | |
| Second Report of the Monitor Richter Inc. | PDF · Subscribers | |
Application Record (Stay Extension)
| PDF · Subscribers | |
| REVISED Key Milestones and Deadlines under this SISP | PDF · Subscribers | |
Amended and Restated Initial Order – dated April 10 2025
| PDF · Subscribers | |
Counsel – Endorsement Clip
| PDF · Subscribers | |
Sale and Inverstment Solicitaion Process Order – dated April 10 2025
| PDF · Subscribers | |
| Creditor List | PDF · Subscribers | |
| First Report of the Monitor Richter Inc. | PDF · Subscribers | |
Service List – Updated April 9, 2025
| PDF · Subscribers | |
| Monitor’s Notice to Creditors of Initial Order | PDF · Subscribers | |
| Book of Authorities (Re: Amended and Restated Initial Order and SISP Order) – dated April 7 2025 | PDF · Subscribers | |
Factum of the Applicants (Re: Amended and Restated Initial Order and Solicitation Order) – dated April 7 2025
| PDF · Subscribers | |
| Motion record (Re: Amended and Restated Initial Order and SISP Order) – dated April 7 2025 | PDF · Subscribers | |
Counsel – Endorsement Slip – dated April 2, 2025
| PDF · Subscribers | |
Form 1
| PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
| Book of Authorities of the Applicants- dated April 1 2025 | PDF · Subscribers | |
| Factum of the Applicants – dated April 1 2025 | PDF · Subscribers | |
Pre-Filing Report of the Proposed Monitor Richter Inc.
| PDF · Subscribers | |
Application Record – dated March 31, 2025
| 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., “ClearPier Acquisition Corp. and 1000238820 Ontario Inc.” (CCAA), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/clearpier-acquisition-corp-and-1000238820-ontario-inc