Proceedings.

Galactic Propeller Holdings Ltd. and Jumbleberry Interactive Group Ltd.

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Proceeding
NOIBIA s. 50.4
Court
Ontario Superior Court of Justice
File
BK-25-03216721-0031 / BK-25-03216719-0031
Industry
Business & consumer services · Marketing, advertising & events
Filings held18
Last activity1 Aug 2025
On the record555 days
Secured debtSubscribers
OverviewSummary updated

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
#Sale

The court granted an approval and vesting order for the sale to 1000739703 Ontario Inc. Closing terms, as extracted: Vesting effective upon delivery of Proposal Trustee's Certificate to the Purchaser.

Source: Approval and Vesting Order

#Filing

Application filed in the NOI proceedings, tabling the Jukes Affidavit and the Companies' secured and unsecured liabilities as at the NOI filing date, including the proposed $150,000 second-ranking DIP Lender's Charge.

Source: Motion Record of the Companies

#Filing

Galactic Propeller Holdings Ltd. and Jumbleberry Interactive Group Ltd. — NOI filed, Ontario.

Undated filings1 — no date appears on the document · show
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

JudgeCourtOn this docketCases on record
Justice OsborneOntario Superior Court of Justice3 orders, May 2025168 cases on record
Justice ConwayOntario Superior Court of Justice2 orders, Jul 2025310 cases on record

Counsel of record

PartyCounselFirst seenSource
DebtorGalactic Propeller Holdings Ltd. and Jumbleberry Interactive Group Ltd.WeirFoulds LLP21 May 2025Factum · 21 May 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredBDC Capital Inc. · in 34 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.$2.87MFirst Report of the Trustee
4Secured
4Secured
4Secured
7Preferred (BIA s. 136)
8Unsecured
8Unsecured

6 more claims in 3 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.

Every creditor and every amount, drawn to scale.

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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

3

Second Report of the Trustee

Qualified bids

0

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

PurchaserPriceStatusSource
1000739703 Ontario Inc.Stalking horsethe assets as contemplated in the Stalking Horse Agreement · asset sale · agreement 15 May 2025SubscribersProposedSecond 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 2025not statedClosed31 Jul 2025outside 14 Jul 2025Proposal 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
DateDocumentFile
Certificate of AssignmentPDF · Subscribers
Proposal Trustee’s Certificate
  • Closing confirmed Closed · 31 Jul 2025 · 1000739703 Ontario Inc.
PDF · Subscribers
Ancillary Relief Order
  • Counsel Weirfoulds LLP
PDF · Subscribers
Approval and Vesting Order
  • Closing terms Vesting effective upon delivery of Proposal Trustee's Certificate to the Purchaser
  • Order date 29 July 2025
  • 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
  • + 1 more extracted fact
PDF · Subscribers
Third Report of the TrusteePDF · Subscribers
Endorsement of Justice Conway
  • Presiding officer Justice Conway
PDF · Subscribers
Second Stay Extension Order
  • Counsel Weirfoulds LLP
  • Presiding officer Justice Conway
PDF · Subscribers
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
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
Endorsement of Justice Osborne
  • Presiding officer Justice Osborne
PDF · Subscribers
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
Stay Extension and Priority Charges Order
  • Counsel How: operator-correction · Firm: WeirFoulds LLP · Firm party id: bc30df02-1fce-4110-9f27-23b1debf7e40
  • Presiding officer Justice Osborne
PDF · Subscribers
Factum of the Companies
  • Counsel Weirfoulds LLP
PDF · Subscribers
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
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
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
Certificate of Filing a Notice of Intention to Make a ProposalPDF · Subscribers
SISP Terms
  • Bid deadline 26 June 2025
  • Counsel Weirfoulds LLP
  • Outside date 14 July 2025
  • Break fee Subscribers
  • + 3 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 5 November 2026, https://proceedings.ca/case/galactic-propeller-holdings-ltd-and-jumbleberry-interactive-group-ltd

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Sources last checked · summary updated 12 August 2026 · Report a correction · Printed from proceedings.ca/case/galactic-propeller-holdings-ltd-and-jumbleberry-interactive-group-ltd

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.