Katipult Technology Corp. (TSXV:FUND)
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Katipult Technology Corp. (TSXV:FUND) has been in court-appointed receivership since February 11, 2025 under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The Receiver kept the business operating with management while funding was advanced by Markette Ventures Inc. against Receiver's Certificates, ran a data room for that party's due diligence, and negotiated an asset purchase agreement. The court approved the sale on March 5, 2025, with closing effective on delivery of a Receiver's certificate confirming payment of the purchase price and satisfaction or waiver of the Article 7 conditions. The Receiver's Second Report, dated June 9, 2025, confirms the transaction closed and employees were terminated. Across the two reports the Receiver recorded cumulative receipts of $428,924 and $1,232,593, cash on hand of $210,475 and $675,062, and professional fees of $150,641. The receivership remains active.
Second Report reported the transaction completed, employee terminations and bank accounts dealt with, Company data transferred, cash flow records maintained, and correspondence with creditors and the CRA.
Application for Distribution and Discharge of the Receiver dated June 9, 2025 — Application / notice of application
Approval and vesting order pronounced, authorising the sale to Markette Ventures Inc., closing to take effect on the Receiver's certificate confirming payment and satisfaction of the Article 7 conditions.
First Report set out activities since appointment: continuing operations with management, Purchaser funding via Receiver's Certificates, a due diligence data room, creditor notices, WEPPA and employee matters, cash flow, and the APA.
Source: First Report of the Receiver dated February 26, 2025
Debtor
Katipult Technology Corp. (TSXV:FUND)
Applicant
certain convertible debenture holders
Receiver
KSV
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Brian CraigPPSA registration (Alberta) — Individual secured creditor per PPSA search. — debtor: Katipult Technology Corp. · as of 11 Feb 2025 | $1M | Notice & Statement of the Receiver dated February 19, 2025 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
21 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 approvedSale Approval and Vesting Order dated March 5, 2025 · 5 Mar 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Markette Ventures Inc. | not stated | Approved5 Mar 2025 | Sale Approval and Vesting Order dated March 5,… |
Closed · the record states no distribution outcome.
2 engagements · 2 firms — latest: Fasken Martineau DuMoulin LLP, 1 Feb – 31 May 2025, in feesSecond Report of the Receiver · 9 Jun 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Fasken Martineau DuMoulin LLPCounsel to the receiver | 1 Feb – 31 May 2025 | — | not stated | Second Report of the Receiver · 9 Jun 2025 | |
| KSV Restructuring Inc.Receiver | 1 Feb – 31 May 2025 | not stated | Second Report of the Receiver · 9 Jun 2025 |
3 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$1.23M
As at 9 Jun 2025Second Report of the Receiver dated June 9, 2025
Cash on hand
As at
Professional fees
As at
2 more reported figures, and the total 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 |
|---|---|---|
Distribution and Discharge of the Receiver dated June 18, 2025
| PDF · Subscribers | |
| Application for Distribution and Discharge of the Receiver dated June 9, 2025 | PDF · Subscribers | |
Second Report of the Receiver dated June 9, 2025
| PDF · Subscribers | |
Sale Approval and Vesting Order dated March 5, 2025
| PDF · Subscribers | |
| Webex Details re March 5, 2025 | PDF · Subscribers | |
| Bench Brief of the Receiver dated February 26, 2025 | PDF · Subscribers | |
First Report of the Receiver dated February 26, 2025
| PDF · Subscribers | |
| Letter to Service List dated February 26, 2025 | PDF · Subscribers | |
Notice & Statement of the Receiver dated February 19, 2025
| PDF · Subscribers | |
Application Record dated February 11, 2025
| PDF · Subscribers | |
Receivership Order dated February 11, 2025
| PDF · Subscribers | |
Affidavit of Donna Ross-Ferrara filed February 10, 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., “Katipult Technology Corp. (TSXV:FUND)” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/katipult-technology-corp-tsxv-fund