Katipult Technology Corp. (TSXV:FUND)
FollowClosed
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Filings held12
Last activity18 Jun 2025
On the record587 days
Secured debt$1M
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates12 dated entries
#Report
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.
#Filing
Application for Distribution and Discharge of the Receiver dated June 9, 2025 — Application / notice of application
#Sale
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.
#Report
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
Parties
Debtor
Katipult Technology Corp. (TSXV:FUND)
Applicant
certain convertible debenture holders
Receiver
KSV
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | MGB Investments Limited PartnershipPPSA registration (Alberta) — Preliminary list based on PPSA search; type of security interest not further specified. — debtor: Katipult Technology Corp. · as of 11 Feb 2025 | $1M | Notice & Statement of the Receiver dated February 19, 2025 |
| 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 | Mark MillerPPSA registration (Alberta) — Individual secured creditor per PPSA search. — debtor: Katipult Technology Corp. · as of 11 Feb 2025 | $333K | Notice & Statement of the Receiver dated February 19, 2025 |
| 4 | Secured | Donna Ross-FerraraPPSA registration (Alberta) — Individual secured creditor per PPSA search. — debtor: Katipult Technology Corp. · as of 11 Feb 2025 | $333K | Notice & Statement of the Receiver dated February 19, 2025 |
| 4 | Secured | Joseph Osinski and Judy OsinskiPPSA registration (Alberta) — Individual secured creditors per PPSA search. — debtor: Katipult Technology Corp. · as of 11 Feb 2025 | $333K | Notice & Statement of the Receiver dated February 19, 2025 |
| 4 | Secured | Adventure Capital (2019) Ltd.PPSA registration (Alberta) — debtor: Katipult Technology Corp. · as of 11 Feb 2025 | $250K | Notice & Statement of the Receiver dated February 19, 2025 |
| 4 | Secured | Royal Bank of Canada · in 556 casesPPSA registration (Alberta) — debtor: Katipult Technology Corp. · as of 11 Feb 2025 | $33.2K | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | Cannaccord Genuitydebtor: Katipult Technology Corp. · as of 11 Feb 2025 | $3M | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | RTB LLP · in 2 casesdebtor: Katipult Technology Corp. · as of 11 Feb 2025 | $162K | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | Socium Law (William Van Horne)debtor: Katipult Technology Corp. · as of 11 Feb 2025 | $96.8K | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | Ernst & Young LLP · in 28 casesdebtor: Katipult Technology Corp. · as of 11 Feb 2025 | $49.1K | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | ChurnZero, Inc. · in 2 casesdebtor: Katipult Technology Corp. · as of 11 Feb 2025 | $17.2K | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | Zoominfo Technologies LLC · in 5 casesdebtor: Katipult Technology Corp. · as of 11 Feb 2025 | $14.9K | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | REVlawdebtor: Katipult Technology Corp. · as of 11 Feb 2025 | $7.57K | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | Shajani LLPdebtor: Katipult Technology Corp. · as of 11 Feb 2025 | $7.52K | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | KMSS Kenway Mack Slusarchuk Steward LLPdebtor: Katipult Technology Corp. · as of 11 Feb 2025 | $6.3K | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | QB Advisorydebtor: Katipult Technology Corp. · as of 11 Feb 2025 | $5.51K | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | CNW · in 7 casesdebtor: Katipult Technology Corp. · as of 11 Feb 2025 | $2.76K | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | TMX - TSX Trust · in 2 casesdebtor: Katipult Technology Corp. · as of 11 Feb 2025 | $823 | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | Acetechdebtor: Katipult Technology Corp. · as of 11 Feb 2025 | $200 | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | Mediant Communications Inc. · in 6 casesdebtor: Katipult Technology Corp. · as of 11 Feb 2025 | $81 | Notice & Statement of the Receiver dated February 19, 2025 |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesAmount listed as 'TBD' - undetermined/unknown per Receiver's note; likely deemed-trust class claim. — debtor: Katipult Technology Corp. · as of 11 Feb 2025 | — | Notice & Statement of the Receiver dated February 19, 2025 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale processPer the transactions
Sale 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,… |
Closing termsClosing is effective upon delivery by the Receiver to the Purchaser of a certificate confirming payment of the Purchase Price, satisfaction or waiver of the conditions to Closing set out in Article 7 of the Sale Agreement, and completion of the Transaction to the Receiver's satisfaction.Sale Approval and Vesting Order dated March 5, 2025
RecoveriesAs stated in the filings
Closed · the record states no distribution outcome.
Fees and ratesAs stated in the filings
2 engagements · 2 firms — latest: Fasken Martineau DuMoulin LLP, 1 Feb – 31 May 2025, $40,243.50 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 | — | $40,243.50ex. tax | not stated | Second Report of the Receiver · 9 Jun 2025 |
| KSV Restructuring Inc.Receiver | 1 Feb – 31 May 2025 | 233.5 | $150,641.00ex. tax | not stated | Second Report of the Receiver · 9 Jun 2025 |
Estate financialsReported figures — never derived
Total assets at filing$290K
As at 31 Jan 2025 · per Estimated book value based on Company's internal financial information; realizable values expected to differ materially · Katipult Technology Corp. (entity level) — Only asset-side figures provided (cash, accounts receivable, prepaid expenses); no liabilities disclosed on this page.
Cumulative receipts
$1.23M
As at 9 Jun 2025Second Report of the Receiver dated June 9, 2025
Cash on hand
$675K
As at 9 Jun 2025Second Report of the Receiver dated June 9, 2025
Professional fees to date
$151K
As at 9 Jun 2025Second Report of the Receiver dated June 9, 2025
Documents
12 filings
| Date | Document | File |
|---|---|---|
| Distribution and Discharge of the Receiver dated June 18, 2025 | ||
| Application for Distribution and Discharge of the Receiver dated June 9, 2025 | ||
Second Report of the Receiver dated June 9, 2025
| ||
Sale Approval and Vesting Order dated March 5, 2025
| ||
| Webex Details re March 5, 2025 | ||
| Bench Brief of the Receiver dated February 26, 2025 | ||
First Report of the Receiver dated February 26, 2025
| ||
| Letter to Service List dated February 26, 2025 | ||
Notice & Statement of the Receiver dated February 19, 2025
| ||
Application Record dated February 11, 2025
| ||
| Receivership Order dated February 11, 2025 | ||
Affidavit of Donna Ross-Ferrara filed February 10, 2025
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Katipult Technology Corp. (TSXV:FUND)” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/katipult-technology-corp-tsxv-fund