Proceedings.

1839537 Ontario Ltd., formerly known as Reactor Engineering Group Ltd.

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Proceeding
NOIsubsection 50.4(9) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3
File
CV-26-00035949-0000
Filings held24
Last activity22 Apr 2026
On the record324 days
OverviewSummary updated

1839537 Ontario Ltd., formerly known as Reactor Engineering Group Ltd., filed a Notice of Intention to Make a Proposal dated December 16, 2025, commencing proceedings under the Bankruptcy and Insolvency Act in Ontario. The record identifies subsection 50.4(9) of the Act as the statutory basis and the Ontario Superior Court of Justice as the court seized of the matter. The proceeding remains active, with the December 16 notice the only step recorded to date.

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Case updates24 dated entries
#Sale

The court granted an approval and vesting order for the sale to ATMIS Protective Equipment Inc. Closing terms, as extracted: Vesting occurs upon delivery of the Proposal Trustee's Certificate to Reactor and the Purchaser.

Source: Approval and Vesting Order

#Report

The officer filed report no. Fourth Report of the Proposal Trustee. The Company continues to operate and fulfill existing customer orders while pursuing a sale of substantially all its business and assets to the stalking horse bidder (ATMIS), having experienced a liquidity crunch requiring additional DIP and secured promissory note funding.

Source: Fourth Report of the Proposal Trustee

#Report

The officer filed report no. Third Report. The Company continues to operate while conducting a court-supervised sales process (stalking horse/auction) for its business and assets, funded by DIP financing, while pursuing SRED tax credit claims and seeking a further extension of the stay of proceedings to file a proposal.

Source: Third Report of the Proposal Trustee

Parties

Debtor

1839537 Ontario Ltd., formerly known as Reactor Engineering Group Ltd.

Proposal trustee

BDO

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice MitchellOntario Superior Court of Justice2 orders, Jan 20269 cases on record

Counsel of record

PartyCounselFirst seenSource
Proposal trusteeBDOAird & Berlis LLP6 Jan 2026Service list · 6 Jan 2026
Debtor1839537 Ontario Ltd., formerly known as Reactor Engineering Group Ltd.Borden Ladner Gervais LLP6 Jan 2026Service list · 6 Jan 2026
CreditorR eactor Engineering Group LtdBorden Ladner Gervais LLP30 Jan 2026Order · 30 Jan 2026
CreditorWoolly Mammoth Outerwear IncBlake, Cassels & Graydon LLP6 Jan 2026Service list · 6 Jan 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency (CRA) · in 985 casesas of NOI filing date (December 16, 2025) — Deemed trust class - payroll source deduction arrears, approximate amount as at NOI date; Company requested CRA transfer ~$307,000 from corporate tax refund to satisfy this arrears on Dec 17, 2025 — debtor: Reactor Engineering Group Ltd. o/a Harbour Technologies$307KFirst Report of the Proposal Trustee
3Deemed trusts (CRA and other)
5PMSI / lessors
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

31 more claims in 3 classes The stack holds Deemed trusts (CRA and other), PMSI / lessors and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

3 transactions · 2 approved · 1 proposed — Sale Process approved with Stalking Horse Agreement as minimum bid; auction to proceed if Superior Bid receivedFourth Report of the Proposal Trustee · 13 Apr 2026

Bid deadline

19 March 2026

Sale Process - Revised Timeline

Stalking horse

ATMIS Protective Equipment Inc.

Approval and Vesting Order

PurchaserPriceStatusSource
ATMIS Protective Equipment Inc.Stalking horsethe Company's business and assets (the 'Property') · asset sale · agreement 23 Jan 2026SubscribersProposedSale and Investment Solicitation Process
ATMIS Protective Equipment Inc.Stalking horsethe Stalking Horse Agreement · asset sale · agreement 29 Jan 2026SubscribersApprovedFourth Report of the Proposal Trustee
ATMIS Protective Equipment Inc.Stalking horsethe Purchased Assets described in the Sale Agreement · asset sale · agreement 10 Apr 2026not statedApproved17 Apr 2026outside 15 Apr 2026Approval and Vesting Order
AdvisorsBDO Transaction Advisory Services Inc. (sale agent); BDO Canada Transaction Advisory (sale agent)Sale and Investment Solicitation Process
Closing termsVesting occurs upon delivery of the Proposal Trustee's Certificate to Reactor and the PurchaserApproval and Vesting Order
RecoveriesAs stated in the filings

Unsecured creditors: a distribution.EstimatedFourth Report of the Proposal Trustee · 13 Apr 2026

ClassCreditorClaimsRecoveryBasisSource
Unsecuredunsecured creditors forming Excluded Liabilitiesestimatedvs. in a bankruptcyconditionalEstimatedper the proposal trusteeFourth Report of the Proposal Trustee · 13 Apr 2026

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 blurred figures above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Fees and ratesAs stated in the filings

5 engagements · 2 firms — latest: Aird & Berlis LLP, 17 Feb – 31 Mar 2026, incl. taxFourth Report of the Proposal Trustee · 13 Apr 2026

FirmPeriodHoursFeesRatesSource
Aird & Berlis LLPCounsel to the trusteeperiod 4 of 417 Feb – 31 Mar 2026—Fourth Report of the Proposal Trustee · 13 Apr 2026
Aird & Berlis LLPCounsel to the trusteeperiod 3 of 416 Jan – 15 Feb 2026—Fourth Report of the Proposal Trustee · 13 Apr 2026
Aird & Berlis LLPCounsel to the trusteeperiod 1 of 418 Dec 2025 – 15 Jan 2026—Second Report of the Proposal Trustee · 27 Jan 2026
Aird & Berlis LLPCounsel to the trusteeperiod 1 of 4———Fourth Report of the Proposal Trustee · 13 Apr 2026
BDO Canada LimitedProposal trustee———Fourth Report of the Proposal Trustee · 13 Apr 2026

8 blurred figures above

What each firm billed — each as the filing states it, with its source.

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Estate financialsReported figures — never derived

Cumulative disbursements

$218K

As at 13 Apr 2026Fourth Report of the Proposal Trustee

Cash on hand

As at

Professional fees

As at

2 more reported figures

Each one as the filing states it, with its source.

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Documents
24 filings
DateDocumentFile
Proposal Trustee's CertificatePDF · Subscribers
Approval and Vesting Order
  • Closing terms Vesting occurs upon delivery of the Proposal Trustee's Certificate to Reactor and the Purchaser
  • Counsel Borden Ladner Gervais LLP
  • Order date 17 April 2026
  • Presiding officer Justice Ten Cate
  • + 2 more extracted facts
PDF · Subscribers
Factum
  • Counsel Borden Ladner Gervais LLP
PDF · Subscribers
Fourth Report of the Proposal Trustee
  • Cash on hand · Disbursements · Fee schedule · Financial position Subscribers
  • + 10 more extracted facts
PDF · Subscribers
Third Report of the Proposal Trustee
  • Cash on hand · Disbursements · Fee schedule · Financial position Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Non-Disclosure AgreementPDF · Subscribers
Ancillary Order
  • Counsel Borden Ladner Gervais LLP
  • Presiding officer Justice Mitchell
PDF · Subscribers
Factum - Stay Extension and SISP Approval
  • Counsel Borden Ladner Gervais LLP
PDF · Subscribers
Sale Process - Revised Timeline
  • Bid deadline 19 March 2026
  • Order date 30 January 2026
  • Purchaser ATMIS Protective Equipment Inc. (stalking horse) · the Company's business and assets (the 'Property') · asset sale · proposed
  • Break fee Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Sale Process Order
  • Bid deadline 12 March 2026
  • Counsel Borden Ladner Gervais LLP
  • Order date 30 January 2026
  • Break fee Subscribers
  • + 6 more extracted facts
PDF · Subscribers
Sale and Investment Solicitation Process
  • Bid deadline 12 March 2026
  • Outside date 15 April 2026
  • Purchaser ATMIS Protective Equipment Inc. (stalking horse) · the Company's business and assets (the 'Property') · asset sale · proposed
  • Break fee Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Amended Stalking Horse Asset Purchase AgreementPDF · Subscribers
Supplemental Affidavit of A. Glover
PDF · Subscribers
Second Report of the Proposal Trustee
  • Purchaser ATMIS Protective Equipment Inc. (stalking horse) · all or part of the Property and/or Company's business, including the Purchased Assets · asset sale · proposed
  • Sale advisor BDO Transaction Advisory Services Inc. (sale agent)
  • Fee schedule · Financial position Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Motion Record
  • Applicant Reactor Engineering Group Ltd.
  • Commencement date 16 December 2025
  • Court SUPERIOR COURT OF JUSTICE (IN BANKRUPTCY AND INSOLVENCY)
  • Court file no CV-26-00035949-0000
  • + 1 more extracted fact
PDF · Subscribers
EndorsementPDF · Subscribers
Order
  • Counsel Borden Ladner Gervais LLP
  • Presiding officer Justice Rady
PDF · Subscribers
Endorsement of K. McCabe A.J.PDF · Subscribers
Factum - Stay Extension, DIP Approval
  • Counsel Borden Ladner Gervais LLP
PDF · Subscribers
First Report of the Proposal Trustee
PDF · Subscribers
Service List
  • Counsel Borden Ladner Gervais LLP
PDF · Subscribers
Motion Record – Stay Extension and DIP Approval
  • Applicant Reactor Engineering Group Ltd.
  • Appointee BDO Canada Limited
  • Appointee role proposal trustee
  • Commencement date 16 December 2025
  • + 4 more extracted facts
PDF · Subscribers
NOI Notice – Notice to the Creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate for the Notice of IntentionPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “1839537 Ontario Ltd., formerly known as Reactor Engineering Group Ltd.” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/reactor-engineering-group-ltd-o-a-harbour-technologies

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/reactor-engineering-group-ltd-o-a-harbour-technologies

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.