RenoRun Inc. filed a notice of intention to make a proposal under s. 50.4 of the BIA on April 27, 2023, in the Superior Court of Québec under file no. 500-11-062174-236, with Deloitte Restructuring Inc. as trustee. The proceeding remains active. The Statement of Affairs as at April 27, 2023 shows total assets of $14,561,485.35 against total liabilities of $53,223,390.19, a reported deficiency of $38,661,904.84. Unsecured claims total $44,591,806.19, led by Investissement Québec at $14,044,438.00, BDC Capital Inc. at $8,464,833.00, Fifth Wall at $7,034,795.00 and Schneider Electric Foundries LLC at $5,643,222.00. Secured claims of $8,631,583.00 net to nil after security, with TriplePoint Capital at $4,050,000.00, Royal Bank of Canada at $2,300,000.00 against GICs, and Silicon Valley Bank at $2,281,582.00 as at May 3, 2023.
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The officer filed report no. Trustee's Preliminary Report to Creditors. RenoRun ceased operations after a failed sale and investment solicitation process, was deemed to have made an assignment into bankruptcy, and the Trustee has since secured its assets and is conducting a liquidation sale process on an as-is, where-is basis. Court file 500-11-062174-236.
TriplePoint CapitalCash on hand (bank); SR&ED claims; business assets (machinery, equipment, racking, fixtures); motor vehicles; share/advance to RenoRun US Inc.; intellectual property; inventory; debts due (business) — Estimated value of security by category listed (cash $3,397,306.00, SR&ED $652,691.00 with surplus $628,725.00, inventory surplus $5,000,000.00, debts due surplus $301,174.35, other categories minimal/nil) — debtor: RenoRun Inc. · as of 3 May 2023
$4.05M
Notice of Bankruptcy and First Meeting of Creditors dated May 4, 2023
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.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cash on hand
$5.82M
As at 17 May 2023Trustee's Preliminary Report to Creditors dated may 17, 2023
Documents6 filings
Date
Document
File
Trustee's Preliminary Report to Creditors dated may 17, 2023
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/renorun-inc
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