Ekip Innovations Inc.

Ekip Innovations Inc. filed a notice of intention under subsection 50.4(1) of the Bankruptcy and Insolvency Act on January 31, 2025, in Quebec, under file number 42-3181715, with BDO Canada Limited as licensed insolvency trustee. The proceeding remains active. A Statement of Affairs (Form 78) as at March 3, 2025, as stated and estimated by the debtor, reports assets of $2,200,002.00 against liabilities of $6,473,696.80 and a deficiency of $4,273,694.80, with secured liabilities of $2,720,952.00 and unsecured liabilities of $3,752,744.80. Waygar Capital Inc., as agent for Ninepoint Canadian Senior Debt Master Fund L.P., is shown with a total claim of $4,849,439.00 dated August 31, 2021, of which $2,720,952.00 is secured on deposits, receivables, inventory and machinery and equipment and $2,128,487.00 is an unsecured deficiency. The Agence du revenu du Québec is listed at $563,601.66 for employee source deductions.