Kognitiv Corporation
- Proceeding
- NOISection 69.4 of the Bankruptcy and Insolvency Act
- File
- BK-25-3165297-0031
Kognitiv Corporation is the subject of an active bankruptcy proceeding under the Bankruptcy and Insolvency Act, commenced on March 11, 2025 in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency) under court file number BK-25-3165297-0031. The record to date consists of the initiating application filed that day. No further steps, orders or reports have been recorded in this proceeding, and the file remains open in Ontario.
A claims procedure has been established — see the order for deadlines.
The officer filed report no. Second Report. Kognitiv has completed its Sale Process (closing the Capillary Transactions) and settled its arbitration dispute with the Cora Group; the Company has no remaining employees and is now winding down the NOI Proceedings in anticipation of an assignment into bankruptcy.
Source: Second Report of the Proposal Trustee - BDO Canada Limited - 12-FEB-2026
Motion Record (volume 1 of 2) - Kognitiv Corporation - Moving Party - 17-FEB-2026(67504595.1) — Application / notice of application
Motion Record (volume 2 of 2) - Kognitiv Corporation - Moving Party - 17-FEB-2026(67504951.1) — Application / notice of application
Aide-Mémoire - Kognitiv Corporation - 14-APR-2025(64141845.1) — Application / notice of application
Application filed on March 11, 2025, opening the Ontario bankruptcy proceeding in respect of Kognitiv Corporation under court file BK-25-3165297-0031.
Source: Motion Record - Kognitiv Corporation - Moving Party - 11-MAR-2025
Undated filings3 — no date appears on the document · show
Debtor
Kognitiv Corporation
Proposal trustee
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 3 orders, Apr 2025 – Feb 2026 | 318 cases on record |
| Justice Dietrich | Ontario Superior Court of Justice | 2 orders, Mar 2025 | 132 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorKognitiv Corporation | Aird & Berlis LLP | 18 Mar 2025 | Order · 18 Mar 2025 |
| CreditorJonas | Cassels Brock & Blackwell LLP | 15 Apr 2025 | Order · 15 Apr 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Guines LLCGround for the right to a priority noted as asset codes 101,102,1301,1302,501,502,503,504,505 (nature of liability recorded as 'Other'); no further description of the security instrument given — Bifurcated claim: same creditor also listed as unsecured for $29,597,443.00 (as of 2022-12-29); total claim of both portions $43,602,447.00. Estimated surplus/(deficit) from security shown as -$29,597,443.00 on the unsecured portion, implying security value equals/relates to the secured amount. — debtor: Kognitiv Corporation · as of 29 Dec 2022 | $14M | Form 78 - Statement of Affairs |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
57 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans3 transactions · 3 closed — Sale Process completed and Capillary Transactions closedSecond Report of the Proposal Trustee - BDO Canada Limited - 12-FEB-2026 · 12 Feb 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Capillary Pte. Ltd.the purchase and sale of the shares of Kognitiv's subsidiary Loyalty Solutions Holdings US Inc. · share sale · agreement 7 Mar 2025 | Subscribers | Closeddate not stated | Second Report of the Proposal Trustee - BDO… |
| Capillary Technologies LLCthe material assets of Kognitiv US LLC, including, without limitation, certain receivables and customer contracts · asset sale · agreement 31 Mar 2025 | not stated | Closed | Second Report of the Proposal Trustee - BDO… |
| counterparty to the Capillary PSA, defined but text cut off before namingassets under the Capillary PSA · asset sale · agreement 31 Mar 2025 | not stated | Closed | Second Report of the Proposal Trustee - BDO… |
Unsecured creditors: no distribution.EstimatedTrustee's First Report - BDO Canada Limited - 14-MAR-2025 · 21 Jan 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Senior Secured Creditors (Guines and Aimia) | — | shortfall | Estimatedper the proposal trustee | Second Report of the Proposal Trustee - BDO Canada Limited - 12-FEB-2026 · 12 Feb 2026 |
| Preferred | — | — | paid in full | per the debtor | Trustee's First Report - BDO Canada Limited - 14-MAR-2025 · 21 Jan 2025 |
| Unsecured | — | — | no distributionconditional | Estimatedper the proposal trustee | Trustee's First Report - BDO Canada Limited - 14-MAR-2025 · 21 Jan 2025 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
3 engagements · 2 firms — latest: Dentons Canada LLP, 1 Mar 2025 – 31 Jan 2026, in feesSecond Report of the Proposal Trustee - BDO Canada Limited - 12-FEB-2026 · 12 Feb 2026
| Firm | Period | Hours | Fees | Rates | Source | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BDO Canada LimitedTrustee | to 28 Feb 2025 | Trustee's First Report - BDO Canada Limited - 14-MAR-2025 · 14 Mar 2025 | ||||||||||||||||||||||||||||||||||||||
| Dentons Canada LLPCounsel to the trusteeperiod 2 of 2 | 1 Mar 2025 – 31 Jan 2026 | 6 people | Second Report of the Proposal Trustee - BDO Canada Limited - 12-FEB-2026 · 12 Feb 2026 | |||||||||||||||||||||||||||||||||||||
6 people — Dentons Canada LLP, 1 Mar 2025 – 31 Jan 2026 · 18 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| Dentons Canada LLPCounsel to the trusteeperiod 1 of 2 | 6 Jan – 28 Feb 2025 | Trustee's First Report - BDO Canada Limited - 14-MAR-2025 · 14 Mar 2025 | ||||||||||||||||||||||||||||||||||||||
27 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansAs at ·
Professional fees
$68.7K
As at 31 Jan 2026Second Report of the Proposal Trustee - BDO Canada Limited - 12-FEB-2026
The 2 totals 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 |
|---|---|---|
Ancillary Order 17 FEB 2026
| PDF · Subscribers | |
Second Report of the Proposal Trustee - BDO Canada Limited - 12-FEB-2026
| PDF · Subscribers | |
| Motion Record (volume 1 of 2) - Kognitiv Corporation - Moving Party - 17-FEB-2026(67504595.1) | PDF · Subscribers | |
| Motion Record (volume 2 of 2) - Kognitiv Corporation - Moving Party - 17-FEB-2026(67504951.1) | PDF · Subscribers | |
Endorsement of Justice Cavanagh - 15-APR-2025(64166148.1)
| PDF · Subscribers | |
Order of Justice Cavanagh - 15-APR-2025(64166149.1)
| PDF · Subscribers | |
Aide-Mémoire - Kognitiv Corporation - 14-APR-2025(64141845.1)
| PDF · Subscribers | |
Endorsement Kognitiv March 18, 2025 31-3165297
| PDF · Subscribers | |
Kognitiv Ancillary Relief Order - 18-MAR-2025
| PDF · Subscribers | |
Trustee's First Report - BDO Canada Limited - 14-MAR-2025
| PDF · Subscribers | |
Motion Record - Kognitiv Corporation - Moving Party - 11-MAR-2025
| PDF · Subscribers | |
Request for Offers to Purchase the Assets or Business
| PDF · Subscribers | |
| Kognitiv - Opportunity Highlights Jan 27, 2025 | PDF · Subscribers | |
Form 92 - Notice of Proposal to Creditors
| PDF · Subscribers | |
Form 78 - Statement of Affairs
| PDF · Subscribers | |
| Certificate for the Notice of Intention | PDF · Subscribers | |
2901-Bidding Procedures and Form of Offer
| PDF · Subscribers | |
| Form_33 - Kognitiv NOI and Creditor List | PDF · Subscribers | |
Proposal
| PDF · Subscribers | |
| Form 31 POC | PDF · Subscribers | |
| Form 36 Proxy | PDF · Subscribers | |
| Form 37 - Voting Letter | 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., “Kognitiv Corporation” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/kognitiv-corporation