Mara Technologies Inc., Mara Technologies USA Inc., Invotek Group Inc. and Invotek Group USA Inc.
Follow- Proceeding
- Receivership (court-appointed)Section 1519 of the Bankruptcy Code
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CL-26-00000192-0000
Mara Technologies Inc., Mara Technologies USA Inc., Invotek Group Inc. and Invotek Group USA Inc. have been in court-appointed receivership since May 5, 2026, when the Ontario Superior Court of Justice, on the application of Frontwell Capital Partners Inc., appointed KSV Restructuring Inc. as receiver and manager under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The order stayed proceedings, granted the Receiver's Charge first priority over the property and authorised borrowings secured to $2,000,000. The matter proceeds under court file CL-26-00000192-0000. Interim orders followed on May 18 and May 22, 2026, invoking section 1519 of the U.S. Bankruptcy Code before the United States Bankruptcy Court for the Eastern District of Michigan. The receivership is active.
Invotek Group Inc. - Order Granting Verified Petition of Foreign Representative for Recognition of Canadian Proceeding dated June 18, 2026 — Application / notice of application
Invotek Group USA Inc. - Order Granting Verified Petition of Foreign Representative for Recognition of Canadian Proceeding dated June 18, 2026 — Application / notice of application
Mara Technologies Inc. - Order Granting Verified Petition of Foreign Representative for Recognition of Canadian Proceeding dated June 18, 2026 — Application / notice of application
Mara Technologies USA Inc. - Order Granting Verified Petition of Foreign Representative for Recognition of Canadian Proceeding dated June 18, 2026 — Application / notice of application
Invotek Group Inc. – Memorandum of Law in Support of Verified Petition — Application / notice of application
Invotek Group USA Inc. – Memorandum of Law in Support of Verified Petition — Application / notice of application
Mara Technologies Inc. – Memorandum of Law in Support of Verified Petition — Application / notice of application
Mara Technologies USA Inc. – Memorandum of Law in Support of Verified Petition — Application / notice of application
Fifth of the May 22, 2026 interim orders; no additional relief is recorded.
Source: Invotek Group Inc. – Order Authorizing Noticing Agent
Interim order signed May 22, 2026, citing section 1519 of the U.S. Bankruptcy Code together with BIA section 243(1) and section 101 of the Courts of Justice Act.
Source: Invotek Group Inc. – Order Granting Provisional Relief
Twelfth and last of the May 22, 2026 interim orders appearing on the record.
Source: Invotek Group Inc. – Order Scheduling Recognition Hearing and Notice Procedures
Fourth interim order that day; the record captures only its date and the four Mara and Invotek entities.
Source: Invotek Group USA Inc. – Order Authorizing Noticing Agent
Eleventh interim order signed the same day; the record carries only its date and the debtor parties.
Source: Invotek Group USA Inc. – Order Granting Provisional Relief
Second interim order of May 22, 2026; the record shows the same parties and no relief distinct from the first.
Source: Invotek Group USA Inc. – Order Scheduling Recognition Hearing and Notice Procedures
Third May 22, 2026 interim order, covering the same four debtor companies; nothing on the record separates it from its companions.
Source: Mara Technologies Inc. – Order Authorizing Noticing Agent
Ninth interim order signed May 22, 2026; the record notes no relief distinguishing it from the others.
Source: Mara Technologies Inc. – Order Granting Provisional Relief
Tenth interim order of May 22, 2026, again naming the four Mara and Invotek companies.
Source: Mara Technologies Inc. – Order Scheduling Recognition Hearing and Notice Procedures
Seventh May 22, 2026 interim order; the record adds nothing beyond its date and the parties.
Source: Mara Technologies USA Inc. – Order Authorizing Noticing Agent
Eighth interim order of that date, indistinguishable on the record from the preceding seven.
Source: Mara Technologies USA Inc. – Order Granting Provisional Relief
Sixth interim order signed May 22, 2026, on the same statutory footing as the others.
Source: Mara Technologies USA Inc. – Order Scheduling Recognition Hearing and Notice Procedures
Companion interim order of the same date; the record identifies no relief distinguishing it from the other May 18 orders.
Source: Invotek Group Inc. – Order Scheduling Expedited Hearing
Third interim order dated May 18, 2026; its recorded content matches the others signed that day.
Source: Invotek Group USA Inc. – Order Scheduling Expedited Hearing
Interim order signed under section 1519 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Michigan, naming the four Mara and Invotek companies.
Source: Mara Technologies Inc. – Order Scheduling Expedited Hearing
Fourth of the May 18, 2026 interim orders; no separate relief is recorded.
Source: Mara Technologies USA Inc. – Order Scheduling Expedited Hearing
Invotek Group Inc - Emergency Motion for Provisional Relief — Application / notice of application
Invotek Group USA Inc - Emergency Motion for Provisional Relief — Application / notice of application
Invotek Group USA Inc - Motion_for_Joint_Administration — Application / notice of application
Invotek Group USA Inc. – Verified Petition for Recognition — Application / notice of application
Mara Technologies Inc - Emergency Motion for Provisional Relief — Application / notice of application
Mara Technologies Inc - Motion_for_Joint_Administration — Application / notice of application
Mara Technologies Inc. – Verified Petition for Recognition — Application / notice of application
Mara Technologies USA Inc - Emergency Motion for Provisional Relief — Application / notice of application
Mara Technologies USA Inc. - Motion_for_Joint_Administration — Application / notice of application
Mara Technologies USA Inc. – Motion to Expedite Hearing — Application / notice of application
Mara Technologies USA Inc. – Verified Petition for Recognition — Application / notice of application
Receivership order made Tuesday, May 5, 2026 over the four Mara and Invotek companies, commencing the Ontario Commercial List proceeding under BIA s. 243 and provincial Judicature Acts.
Appointed KSV Restructuring Inc. receiver and manager of the four companies' property on Frontwell Capital Partners Inc.'s application, staying proceedings and granting the Receiver's Charge and a $2,000,000 borrowings charge.
Mara Technologies Inc., Mara Technologies USA Inc., Invotek Group Inc. and Invotek Group USA Inc. — Receivership filed, Ontario.
Debtor
Mara Technologies Inc., Mara Technologies USA Inc., Invotek Group Inc. and Invotek Group USA Inc.
Applicant
Frontwell Capital Partners Inc.
Receiver
KSV
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 1 order, May 2026 | 89 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantFrontwell Capital Partners Inc. | Dentons Canada LLP | 5 May 2026 | Order · 5 May 2026 |
| Foreign representative | Dla Piper LLP | 15 May 2026 | Application · 15 May 2026 |
| CreditorATX Networks (San Diego) Corp | Reid Collins & Tsai LLP · Stikeman Elliott LLP | 20 Jul 2026 | Service list · 23 Jul 2026 |
| CreditorExpeditors Canada Inc | Blaney McMurtry LLP | 20 Jul 2026 | Service list · 20 Jul 2026 |
| CreditorHis Majesty the King in right of Ontario | Crown Law Office | 20 Jul 2026 | Service list · 20 Jul 2026 |
| CreditorXOBPGC Holdings Inc | Beard Winter LLP | 20 Jul 2026 | Service list · 20 Jul 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| Court-ordered charges | ||||
| 1 | Court-ordered charges | Receiver's Borrowings Charge — in priority to all security interests, trusts, liens, charges and encumbrances, statutory or otherwise, in favour of any Person, but subordinate in priority to the Receiver's Charge and the charges as set out in sections | $2M | Receivership Appointment Order dated May 5, 2026 |
| 1 | Court-ordered charges | Receiver's Charge — a first charge on the Property in priority to all security interests, trusts, liens, charges and encumbrances, statutory or otherwise, in favour of any Person, but subject to sections 14.06(7), 81.4(4), and 81.6(2) of th | — | Receivership Appointment Order dated May 5, 2026 |
| Pre-filing debt | ||||
| 4 | Secured | Export Development Canada (EDC) · in 99 casesFirst ranking security in all equipment of Mara US; second ranking security interest in substantially all other assets of the Mara Companies; maximum borrowing limit of US$21 million plus US$8.6 million equipment financing addition (facility limits, not balances) — debtor: Mara Technologies USA Inc. · as of 28 Feb 2026 | $36.7M | Pre-Filing Report of the Proposed Receiver dated May 4, 2026 |
| 4 | Secured | Frontwell Capital Partners Inc.General security agreement dated December 16, 2022 (all-property/PPSA security interest incl. accounts, equipment, inventory, intangibles, floating charge) — Principal and interest only; excludes fees, expenses and accrued interest from and after March 31, 2026. Borrowers/Guarantors jointly liable under Credit Agreement dated Dec 12, 2022 (as amended 11 times). — debtor: Mara Technologies Inc. (Canadian Borrower) · as of 17 Apr 2026 | $22.3M | Affidavit of Linda Fraser-Richardson sworn May 5, 2026 |
| 4 | Secured | Frontwell Capital PartnersFirst ranking security interest in substantially all assets (excluding equipment) of the Mara Companies; second ranking interest in equipment subject to XOB and EDC prior ranking security interests; revolving loan limit of $45 million (facility limit, not a balance) — Amount stated in prose as $22.3 million; balance sheet as at Feb 28, 2026 shows $22,982,000 (in thousands) net of Companies' cash, per footnote 2 — debtor: Mara Technologies Inc. and Mara Technologies USA Inc. (guaranteed by Invotek Group Inc. and Invotek Group USA Inc.) · as of 17 Apr 2026 | $22.3M | Pre-Filing Report of the Proposed Receiver dated May 4, 2026 |
| 4 | Secured | Secured claim, as asserted in the filings · in 5 cases | $2M | Receivership Appointment Order dated May 5, 2026 |
| 4 | Secured | XOBPGC Holdings Inc. (XOB)First ranking security interest in Companies' equipment in Canada; third ranking security interest over collateral in which Frontwell has first ranking security; no security interest over US equipment; underlying BMO Facilities comprise Master Equipment Leasing Facility of $2.1M and corporate credit card facility of $100,000 (facility limits, not balances) — Related party: XOB is non-arm's length to management of the Companies; balance sheet shows current portion $539,000 and long-term $690,000 (in thousands) as at Feb 28, 2026, but document does not state a consolidated total balance in prose | — | Pre-Filing Report of the Proposed Receiver dated May 4, 2026 |
| 8 | Unsecured | All others (representing approximately 250 vendors)Document states total of ten largest plus all others is $25,635,000; individual vendors beyond the top ten are not named — debtor: Mara Technologies Inc. / Mara Technologies USA Inc. | $12.4M | Pre-Filing Report of the Proposed Receiver dated May 4, 2026 |
| 8 | Unsecured | RFMW Ltd.debtor: Mara Technologies Inc. / Mara Technologies USA Inc. | $2.44M | Pre-Filing Report of the Proposed Receiver dated May 4, 2026 |
| 8 | Unsecured | Arrow Electronics Inc.debtor: Mara Technologies Inc. / Mara Technologies USA Inc. | $2.2M | Pre-Filing Report of the Proposed Receiver dated May 4, 2026 |
| 8 | Unsecured | TTI, Inc. · in 3 casesdebtor: Mara Technologies Inc. / Mara Technologies USA Inc. | $1.88M | Pre-Filing Report of the Proposed Receiver dated May 4, 2026 |
| 8 | Unsecured | Fu Chia Electronic Co., Ltd.debtor: Mara Technologies Inc. / Mara Technologies USA Inc. | $1.72M | Pre-Filing Report of the Proposed Receiver dated May 4, 2026 |
| 8 | Unsecured | Minntronix, Inc.debtor: Mara Technologies Inc. / Mara Technologies USA Inc. | $1.29M | Pre-Filing Report of the Proposed Receiver dated May 4, 2026 |
| 8 | Unsecured | Sunshine PCB (HK) Co., Limited · in 2 casesdebtor: Mara Technologies Inc. / Mara Technologies USA Inc. | $948K | Pre-Filing Report of the Proposed Receiver dated May 4, 2026 |
| 8 | Unsecured | Dig-Keydebtor: Mara Technologies Inc. / Mara Technologies USA Inc. | $764K | Pre-Filing Report of the Proposed Receiver dated May 4, 2026 |
| 8 | Unsecured | MACOM Technology Solutions Limiteddebtor: Mara Technologies Inc. / Mara Technologies USA Inc. | $662K | Pre-Filing Report of the Proposed Receiver dated May 4, 2026 |
| 8 | Unsecured | AVNET Electronics Marketingdebtor: Mara Technologies Inc. / Mara Technologies USA Inc. | $650K | Pre-Filing Report of the Proposed Receiver dated May 4, 2026 |
| 8 | Unsecured | Telit IoT Products Inc.debtor: Mara Technologies Inc. / Mara Technologies USA Inc. | $638K | Pre-Filing Report of the Proposed Receiver dated May 4, 2026 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
As at 28 Feb 2026 · per Unaudited consolidated balance sheet, book value · Consolidated - Mara Technologies Inc., Mara Technologies USA Inc., Invotek Group Inc., and Invotek Group USA Inc. — Total equity is negative $8,301,000 (deficit); figures presented in thousands ($000s) per table header; Frontwell debt presented net of Companies' cash per footnote
| Date | Document | File |
|---|---|---|
Service List as at July 23, 2026
| ||
Service List as at July 20, 2026
| ||
| Invotek Group Inc. - Order Granting Verified Petition of Foreign Representative for Recognition of Canadian Proceeding dated June 18, 2026 | ||
| Invotek Group USA Inc. - Order Granting Verified Petition of Foreign Representative for Recognition of Canadian Proceeding dated June 18, 2026 | ||
| Mara Technologies Inc. - Order Granting Verified Petition of Foreign Representative for Recognition of Canadian Proceeding dated June 18, 2026 | ||
| Mara Technologies USA Inc. - Order Granting Verified Petition of Foreign Representative for Recognition of Canadian Proceeding dated June 18, 2026 | ||
| Invotek Group Inc. – Memorandum of Law in Support of Verified Petition | ||
Invotek Group Inc. – Motion to Expedite Hearing
| ||
| Invotek Group Inc. – Statement of Corporate Ownership | ||
| Invotek Group USA Inc. – Declaration of Foreign Law (Lamek) | ||
| Invotek Group USA Inc. – Declaration of Foreign Representative | ||
| Invotek Group USA Inc. – Memorandum of Law in Support of Verified Petition | ||
Invotek Group USA Inc. – Order Scheduling Recognition Hearing and Notice Procedures
| ||
| Invotek Group USA Inc. – Statement of Corporate Ownership | ||
| Mara Technologies Inc. – Memorandum of Law in Support of Verified Petition | ||
Mara Technologies Inc. – Motion to Expedite Hearing
| ||
Mara Technologies Inc. – Order Authorizing Noticing Agent
| ||
Mara Technologies Inc. – Order Scheduling Recognition Hearing and Notice Procedures
| ||
| Mara Technologies Inc. – Statement of Corporate Ownership | ||
| Mara Technologies USA Inc. – Declaration of Foreign Law (Lamek) | ||
| Mara Technologies USA Inc. – Declaration of Foreign Representative | ||
| Mara Technologies USA Inc. – Memorandum of Law in Support of Verified Petition | ||
Mara Technologies USA Inc. – Order Authorizing Noticing Agent
| ||
Invotek Group Inc. – Order Authorizing Noticing Agent
| ||
Invotek Group Inc. – Order Granting Provisional Relief
| ||
Invotek Group Inc. – Order Scheduling Recognition Hearing and Notice Procedures
| ||
Invotek Group USA Inc. – Order Authorizing Noticing Agent
| ||
Invotek Group USA Inc. – Order Granting Provisional Relief
| ||
Mara Technologies Inc. – Order Granting Provisional Relief
| ||
Mara Technologies USA Inc. – Order Granting Provisional Relief
| ||
Mara Technologies USA Inc. – Order Scheduling Recognition Hearing and Notice Procedures
| ||
| Invotek Group USA Inc. – Certificate of Service | ||
| Mara Technologies USA Inc. – Certificate of Service | ||
| Invotek Group Inc. – Certificate of Service | ||
| Mara Technologies Inc. – Certificate of Service | ||
Invotek Group Inc. – Order Scheduling Expedited Hearing
| ||
Invotek Group USA Inc. – Order Scheduling Expedited Hearing
| ||
Mara Technologies Inc. – Order Scheduling Expedited Hearing
| ||
Mara Technologies USA Inc. – Order Scheduling Expedited Hearing
| ||
| Invotek Group Inc - Emergency Motion for Provisional Relief | ||
| Invotek Group Inc - Motion_for_Joint_Administration | ||
Invotek Group Inc - Notice Procedures Motion
| ||
| Invotek Group Inc. – Verified Petition for Recognition | ||
| Invotek Group USA Inc - Emergency Motion for Provisional Relief | ||
| Invotek Group USA Inc - Motion_for_Joint_Administration | ||
Invotek Group USA Inc - Notice Procedures Motion
| ||
Invotek Group USA Inc. – Motion to Expedite Hearing
| ||
| Invotek Group USA Inc. – Verified Petition for Recognition | ||
| Mara Technologies Inc - Emergency Motion for Provisional Relief | ||
| Mara Technologies Inc - Motion_for_Joint_Administration | ||
Mara Technologies Inc - Notice Procedures Motion
| ||
| Mara Technologies Inc. – Verified Petition for Recognition | ||
| Mara Technologies USA Inc - Emergency Motion for Provisional Relief | ||
Mara Technologies USA Inc - Notice Procedures Motion
| ||
| Mara Technologies USA Inc. - Motion_for_Joint_Administration | ||
Mara Technologies USA Inc. – Motion to Expedite Hearing
| ||
| Mara Technologies USA Inc. – Verified Petition for Recognition | ||
| Invotek Group Inc. – Chapter 15 Petition | ||
| Invotek Group Inc. – Declaration Under Penalty of Perjury - Rule 1004(a)(4) List | ||
| Invotek Group Inc. – Declaration Under Penalty of Perjury - Statement of Corporate Ownership | ||
| Invotek Group Inc. – Petition Cover Sheet | ||
| Invotek Group USA Inc. – Chapter 15 Petition | ||
| Invotek Group USA Inc. – Declaration Under Penalty of Perjury - Rule 1004(a)(4) List | ||
| Invotek Group USA Inc. – Declaration Under Penalty of Perjury - Statement of Corporate Ownership | ||
| Invotek Group USA Inc. – Petition Cover Sheet | ||
| Mara Technologies Inc. – Chapter 15 Petition | ||
| Mara Technologies Inc. – Declaration Under Penalty of Perjury - Rule 1004(a)(4) List | ||
| Mara Technologies Inc. – Declaration Under Penalty of Perjury - Statement of Corporate Ownership | ||
| Mara Technologies Inc. – Petition Cover Sheet | ||
| Mara Technologies USA Inc. – Chapter 15 Petition | ||
| Mara Technologies USA Inc. – Declaration Under Penalty of Perjury - Rule 1004(a)(4) List | ||
| Mara Technologies USA Inc. – Declaration Under Penalty of Perjury - Statement of Corporate Ownership | ||
| Mara Technologies USA Inc. – Petition Cover Sheet | ||
| Mara Technologies USA Inc. – Statement of Corporate Ownership | ||
Affidavit of Linda Fraser-Richardson sworn May 5, 2026
| ||
Application Record of the Applicant dated May 5, 2026
| ||
Endorsement of Justice Dietrich dated May 5, 2026
| ||
| Invotek Group Inc. – Declaration of Foreign Representative | ||
| Mara Technologies Inc. – Declaration of Foreign Representative | ||
Receivership Appointment Order dated May 5, 2026
| ||
Pre-Filing Report of the Proposed Receiver dated May 4, 2026
| ||
| Invotek Group Inc. – Declaration of Foreign Law (Lamek) | ||
| Mara Technologies Inc. – Declaration of Foreign Law (Lamek) | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Mara Technologies Inc., Mara Technologies USA Inc., Invotek Group Inc. and Invotek Group USA Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/mara-technologies-inc-mara-technologies-usa-inc-invotek-group-inc-and-invotek-gr