Galactic Propeller Holdings Ltd. and Jumbleberry Interactive Group Ltd.

Active

Proceeding: NOIBIA s. 50.4
Court: Ontario Superior Court of Justice
File: BK-25-03216721-0031 / BK-25-03216719-0031

Filings held18

Last activity1 Aug 2025

On the record510 days

OverviewSummary updated 12 August 2026

Galactic Propeller Holdings Ltd. (Squaredance) and Jumbleberry Interactive Group Ltd. remain under notice of intention proceedings begun April 29, 2025 under s. 50.4 of the BIA in the Ontario Superior Court of Justice, court files BK-25-03216721-0031 and BK-25-03216719-0031. As at the NOI filing date, secured claims comprised $2,871,494 owed to BDC Capital Inc. by Galactic with a Jumbleberry guarantee, $1,372,326 owed to 1000739703 Ontario Inc. as assignee of Toronto-Dominion Bank's revolving credit facility, $100,696 to Celtic Bank/Stripe against Galactic, and a $22,175 Ontario Employer Health Tax lien against Jumbleberry. The same party holding the assigned TD facility acts as DIP Lender under a second-ranking $150,000 charge and as Stalking Horse. Unsecured claims include $166,191.54 at Galactic, $16,047.22 owed to KPMG by Jumbleberry, and $47,281.26 in accrued vacation pay for nine employees.

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Case updates18 dated entries · 1 undated

1 Aug 2025

#Report

Certificate of Assignment — Court officer certificate

PDF · Subscribers

31 Jul 2025

#Report

Proposal Trustee’s Certificate — Court officer certificate

PDF · Subscribers

29 Jul 2025

#Order

Ancillary Relief Order — Order (other)

PDF · Subscribers

15 earlier updates, back to 29 April 2025 — subscribers.

Undated filings1 — no date appears on the document · show

1 filings carry no date on their face — subscribers.

Parties

Debtor

Galactic Propeller Holdings Ltd. and Jumbleberry Interactive Group Ltd.

Proposal trustee

Baigel Corp.

Bench and counselPer the orders and service lists on the record

Bench

Judge	Court	On this docket	Cases on record
Justice Osborne	Ontario Superior Court of Justice	3 orders, May 2025	146 cases on record
Justice Conway	Ontario Superior Court of Justice	2 orders, Jul 2025	285 cases on record

Counsel of record

Party	Counsel	First seen	Source
DebtorGalactic Propeller Holdings Ltd. and Jumbleberry Interactive Group Ltd.	WeirFoulds LLP	21 May 2025	Factum · 21 May 2025
CreditorOrder	WeirFoulds LLP	22 May 2025	Order · 22 May 2025

Capital structureAs asserted in the filings

Priority class	Creditor	Amount	Source
Secured	BDC Capital Inc. · in 30 casesas of NOI Filing Date — Term loan facility; security includes an undated, signed Collateral Assignment Moveable Hypothec of Insurance purporting to assign the Life Policy (face value $2.5M) as collateral — debtor: Galactic Propeller Holdings Ltd. (borrower); guaranteed by Jumbleberry Interactive Group Ltd.	$2.87M	First Report of the Trustee

6 more claims across lower-ranking classesSubscribe to view⁠

Sale processAs stated in the filings

2 transactions · 1 proposed · 1 closed — The Transaction is hereby approvedApproval and Vesting Order · 29 Jul 2025

Parties solicited

117

Second Report of the Trustee

NDAs signed

Second Report of the Trustee

Qualified bids

Second Report of the Trustee

Bid deadline (round closed)

26 June 2025

Opportunity Teaser – Galactic and Jumbleberry

Break fee

Subscribers

SISP Terms

Stalking horse

1000739703 Ontario Inc.

Approval and Vesting Order

Purchaser	Price	Status	Source
1000739703 Ontario Inc.Stalking horsethe assets as contemplated in the Stalking Horse Agreement · asset sale · agreement 15 May 2025	Subscribers	Proposed	Second Report of the Trustee
1000739703 Ontario Inc.the Companies' right, title and interest in and to the assets as described in the Assigned APA (the 'Purchased Assets') · asset sale · nominee/assignee: Partnerising Limited · agreement 22 May 2025	not stated	Closed31 Jul 2025outside 14 Jul 2025	Proposal Trustee’s Certificate

AdvisorsBaigel Corp. (sale agent)Opportunity Teaser – Galactic and Jumbleberry

Closing termsVesting effective upon delivery of Proposal Trustee's Certificate to the PurchaserApproval and Vesting Order

Documents

18 filings

Date	Document	File
1 Aug 2025	Certificate of Assignment	PDF · Subscribers

31 Jul 2025	Proposal Trustee’s Certificate Closing confirmed Closed · 31 Jul 2025 · 1000739703 Ontario Inc.	PDF · Subscribers

29 Jul 2025	Ancillary Relief Order Counsel Weirfoulds LLP	PDF · Subscribers

29 Jul 2025	Approval and Vesting Order Closing terms Vesting effective upon delivery of Proposal Trustee's Certificate to the Purchaser Purchaser 1000739703 Ontario Inc. · nominee/assignee Partnerising Limited · the Companies' right, title and interest in and to the assets as described in the Assigned APA (the 'Purchased Assets') · asset sale · approved Sale outcome Sale approved — The Transaction is hereby approved Stalking horse Subscribers	PDF · Subscribers

25 Jul 2025	Third Report of the Trustee	PDF · Subscribers

9 Jul 2025	Endorsement of Justice Conway Presiding officer Justice Conway	PDF · Subscribers

9 Jul 2025	Second Stay Extension Order Presiding officer Justice Conway	PDF · Subscribers

7 Jul 2025	Second Report of the Trustee Process results 117 solicited · 3 NDAs · 0 qualified bids · 0 bids · as of 7 Jul 2025 Purchaser 1000739703 Ontario Inc. (stalking horse) · the Property and Businesses of the Companies · asset sale · proposed Sale outcome Successful bid selected — No Competing Bids were received; Stalking Horse Agreement to proceed to closing Stalking horse Subscribers	PDF · Subscribers

27 May 2025	Opportunity Teaser – Galactic and Jumbleberry Bid deadline 26 June 2025 Sale advisor Baigel Corp. (sale agent) Sale outcome Sale process approved — The Companies are seeking to complete a transaction in the form of a sale or other strategic investment involving the business, assets and/or equity of the Companies	PDF · Subscribers

22 May 2025	Endorsement of Justice Osborne Presiding officer Justice Osborne	PDF · Subscribers

22 May 2025	SISP and Stalking Horse Agreement Order Order date 22 May 2025 Presiding officer Justice Osborne Purchaser 1000739703 Ontario Inc. (stalking horse) · the assets as contemplated in the Stalking Horse Agreement · asset sale · proposed Break fee Subscribers + 2 more extracted facts	PDF · Subscribers

22 May 2025	Stay Extension and Priority Charges Order Counsel Weirfoulds LLP Presiding officer Justice Osborne	PDF · Subscribers

21 May 2025	Factum of the Companies Counsel Weirfoulds LLP	PDF · Subscribers

21 May 2025	Supplementary Motion Record of the Companies Applicant Galactic Propeller Holdings Ltd. and Jumbleberry Interactive Group Ltd. Appointee Baigel Corp. Appointee role Proposal Trustee Court SUPERIOR COURT OF JUSTICE + 2 more extracted facts	PDF · Subscribers

20 May 2025	First Report of the Trustee Purchaser 1000739703 Ontario Inc. (stalking horse) · all the Companies' right, title and interest in and to the Purchased Assets · asset sale · proposed Sale outcome Sale process approved — The Stalking Horse Agreement has been entered into as a stalking horse bid subject to Court approval and the SISP Financial position · Secured creditors Subscribers + 2 more extracted facts	PDF · Subscribers

16 May 2025	Motion Record of the Companies Applicant Galactic Propeller Holdings Ltd. and Jumbleberry Interactive Group Ltd. Commencement date 16 May 2025 Court SUPERIOR COURT OF JUSTICE Court file no BK-25-03216721-0031 / BK-25-03216719-0031 + 1 more extracted fact	PDF · Subscribers

28 Apr 2025	Certificate of Filing a Notice of Intention to Make a Proposal	PDF · Subscribers

—	SISP Terms Bid deadline 26 June 2025 Outside date 14 July 2025 Purchaser 1000739703 Ontario Inc. (stalking horse) · the business, assets and/or equity of the Companies (the "Opportunity") · auction · proposed Break fee Subscribers + 2 more extracted facts	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., “Galactic Propeller Holdings Ltd. and Jumbleberry Interactive Group Ltd.” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/galactic-propeller-holdings-ltd-and-jumbleberry-interactive-group-ltd