Proceedings.

Thentia Global Systems Inc. and its affiliates

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Active
Proceeding
CCAAsubsection 243(1) of the BIA and section 101 of the CJA
Court
Ontario Superior Court of Justice
File
CL-26-00000052-0000
Filings held149
Last activity24 Aug 2026
On the record224 days
Secured debt$20.8M
OverviewSummary updated

Thentia Global Systems Inc. and its affiliates — Thentia Canada Inc., Thentia USA Inc., Thentia UK Limited, Thentia Payments Canada Inc., Thentia Consulting Services Canada Inc., Thentia Quebec Inc., Thentia Payments USA Inc., Thentia Consulting Services USA Inc., and Thentia Europe Limited — obtained a CCAA initial order in the Ontario Superior Court of Justice, Commercial List, file CL-26-00000052-0000, on Monday, February 9, 2026, appointing Grant Thornton Limited as Monitor; the stay of proceedings was extended Thursday, February 19, 2026. Espresso Venture Debt LP holds a senior secured facility of $8,383,625 and a junior secured facility of $7,750,000 against Thentia Global Systems Inc. and its subsidiaries, each advanced as of October 10, 2025, for combined indebtedness of $20,776,441.47 as at October 14, 2025.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

Per the Notice Letter for Priority Claims Process dated 13 March 2026.

Proceedings AIAsk this case — answers cite the filings
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Case updates145 dated entries · 5 undated
#Order

Thentia Global Systems Inc. and its affiliates — CCAA filed, Ontario.

Undated filings5 — no date appears on the document · show
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Filing

Ch.15 Joint Admin. Motion — Application filed

PDF

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Filing

DEPOSI_1.PDF — Application filed

PDF

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Order

Excluded Contracts Listing — Interim order granted

PDF

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Order

Final Recognition Order — Interim order granted

PDF

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Order

Retained Contracts Listing — Interim order granted

PDF

AnalysisAll insights⁠

Outcome brief

Thentia: Espresso takes the platform with a US$100 credit bid

After a contested receivership, a CCAA conversion and a sale process that sent teasers to 294 parties and drew two unqualified bids, Justice Cavanagh approved a reverse vesting order giving an Espresso vehicle all of Thentia Global Systems for a US$100 credit bid and US$19,276,196 of retained liabilities; the existing shares are cancelled, and US$13,414,994.37 of promissory notes go to 1001709843 Ontario Inc.

Parties

Debtor

Thentia Global Systems Inc. and its affiliates

Monitor

Doane Grant Thornton

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice CavanaghOntario Superior Court of Justice10 orders, Nov 2025 – Aug 2026288 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorDoane Grant ThorntonMiller Thomson LLP19 Jan 2026Order · 23 Jan 2026
ApplicantEspresso Capital LtdCozen O'Connor LLP4 Nov 2025Application · 4 Nov 2025
DebtorThentia Global Systems Inc. and its affiliatesGardiner Roberts LLP · Miller Thomson LLP9 Feb 2026Affidavit · 11 Mar 2026
CreditorEspresso Capital LtdCozen O'Connor LLP16 Oct 2025Affidavit · 16 Oct 2025
CreditorFirst Ascent Ventures IncCassels Brock & Blackwell LLP8 Feb 2026Factum · 8 Feb 2026
CreditorFirst Ascent Ventures NR II LP and First Ascent Ventures II LLOCassels Brock & Blackwell LLP11 Mar 2026Factum · 11 Mar 2026
CreditorT TA Investments LLCGardiner Roberts LLP6 Feb 2026Factum · 6 Feb 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale
USD · stated amounts, drawn to scale · the 99 smallest grouped as one mark
#Priority classCreditorAmountSource
4SecuredEspresso Venture Debt LP (combined Senior and Junior Credit Facilities)Security under both Senior Loan and Security Agreement and Junior Loan and Security Agreement — Total indebtedness including interest and fees outstanding, excluding certain additional fees and costs per loan agreements; combines the two facilities reported separately at page 5. — debtor: Thentia Global Systems Inc. and relevant subsidiaries · as of 14 Oct 2025$20.8MNotice of Application Espresso
4SecuredEspresso Venture Debt LP (Senior Loan and Security Agreement)Security over collateral under Senior Loan and Security Agreement (4th amended and restated credit facility, dated January 25, 2024, originally dating to September 2018) — Aggregate principal amount advanced as of October 10, 2025; senior/most-senior secured facility. Total combined indebtedness under both Credit Facilities stated separately as C$20,776,441.47 as at October 14, 2025 (see combined entry). — debtor: Thentia Global Systems Inc. and subsidiaries party to the agreement · as of 10 Oct 2025$8.38MNotice of Application Espresso
4SecuredEspresso Venture Debt LP (Junior Loan and Security Agreement)Security over collateral under Junior Loan and Security Agreement dated January 25, 2024 — Aggregate principal amount advanced as of October 10, 2025; subordinate (junior) facility to the Senior Loan and Security Agreement. — debtor: Thentia Global Systems Inc. and subsidiaries party to the agreement · as of 10 Oct 2025$7.75MNotice of Application Espresso
8UnsecuredFirst Ascent Ventures (Promissory Note)Related party (existing equity holder/investor); CAD equivalent CAD $8,445,538.93 — debtor: Companies (TTA GL 25218)$6.23M USDMotion Record (August 17, 2026)
8UnsecuredCOLMAC Holdings (Promissory Note)CAD equivalent CAD $6,326,107.90 — debtor: Companies (TTA GL 25218)$4.67M USDMotion Record (August 17, 2026)
8UnsecuredSpring Mountain Capital (Promissory Note)CAD equivalent CAD $2,581,750.00 — debtor: Companies (TTA GL 25218)$1.91M USDMotion Record (August 17, 2026)
8UnsecuredSADAdebtor: Thentia Canada Inc · as of 31 Jul 2026$1.67M USDMotion Record (August 17, 2026)
8UnsecuredCDW Canada · in 25 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$617K USDMotion Record (August 17, 2026)
8UnsecuredSalesforce.com Canada Corporation · in 10 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$452K USDMotion Record (August 17, 2026)
8UnsecuredLenczner Slaght LLPdebtor: Thentia Canada Inc · as of 31 Jul 2026$425K USDMotion Record (August 17, 2026)
8UnsecuredFirst Ascent Ventures Management Inc.Related party - existing equity holder/investor group — debtor: Thentia Canada Inc · as of 31 Jul 2026$316K USDMotion Record (August 17, 2026)
8UnsecuredGardiner Robertsdebtor: Thentia Canada Inc · as of 31 Jul 2026$262K USDMotion Record (August 17, 2026)
8UnsecuredAllied REIT · in 3 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$223K USDMotion Record (August 17, 2026)
8UnsecuredUS Roundtable, LLCdebtor: Thentia USA Inc. · as of 31 Jul 2026$117K USDMotion Record (August 17, 2026)
8UnsecuredSLG Innovation, Inc.debtor: Thentia USA Inc. · as of 31 Jul 2026$110K USDMotion Record (August 17, 2026)
8UnsecuredAmazon Web Services · in 11 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$102K USDMotion Record (August 17, 2026)
8UnsecuredGoogle · in 5 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$76.4K USDMotion Record (August 17, 2026)
8UnsecuredOne Trust (OT Technology Inc)debtor: Thentia Canada Inc · as of 31 Jul 2026$73.9K USDMotion Record (August 17, 2026)
8UnsecuredBlake, Cassels & Graydon LLP · in 13 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$65.8K USDMotion Record (August 17, 2026)
8UnsecuredThorek Scott And Partnersdebtor: Thentia Canada Inc · as of 31 Jul 2026$60.2K USDMotion Record (August 17, 2026)
8UnsecuredCHG-Meridian Canada Ltd · in 2 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$60.1K USDMotion Record (August 17, 2026)
8UnsecuredWells Fargo · in 14 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$54.4K USDMotion Record (August 17, 2026)
8UnsecuredKroll · in 2 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$52.5K USDMotion Record (August 17, 2026)
8UnsecuredCDW UKdebtor: Thentia UK Limited · as of 31 Jul 2026$47.1K USDMotion Record (August 17, 2026)
8UnsecuredTerminus Strategiesdebtor: Thentia Canada Inc · as of 31 Jul 2026$45K USDMotion Record (August 17, 2026)
8UnsecuredTap Group Inc.debtor: Thentia Canada Inc · as of 31 Jul 2026$43.3K USDMotion Record (August 17, 2026)
8UnsecuredBardex Lisac Musec Skoko & Partnersdebtor: Thentia UK Limited · as of 31 Jul 2026$42.8K USDMotion Record (August 17, 2026)
8UnsecuredBrian UtleyBrian Utley is the Companies' Chief Management Officer - related party — debtor: Thentia USA Inc. · as of 31 Jul 2026$40K USDMotion Record (August 17, 2026)
8UnsecuredHolland & Hart LLP · in 3 casesdebtor: Thentia Global Systems Inc. · as of 31 Jul 2026$37.4K USDMotion Record (August 17, 2026)
8UnsecuredTarter Krinsky & Drogin LLPdebtor: Thentia Global Systems Inc. · as of 31 Jul 2026$31.3K USDMotion Record (August 17, 2026)
8UnsecuredApryse Software Inc.debtor: Thentia Canada Inc · as of 31 Jul 2026$31.3K USDMotion Record (August 17, 2026)
8UnsecuredUdemydebtor: Thentia Canada Inc · as of 31 Jul 2026$31.3K USDMotion Record (August 17, 2026)
8UnsecuredTravers Smith · in 2 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$30.4K USDMotion Record (August 17, 2026)
8UnsecuredBlue Lotus Creative Corpdebtor: Thentia Canada Inc · as of 31 Jul 2026$29.7K USDMotion Record (August 17, 2026)
8UnsecuredBDO Canada LLP · in 36 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$28.4K USDMotion Record (August 17, 2026)
8UnsecuredKPMG · in 21 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$27.5K USDMotion Record (August 17, 2026)
8UnsecuredHusch Blackwell Strategiesdebtor: Thentia Canada Inc · as of 31 Jul 2026$27K USDMotion Record (August 17, 2026)
8UnsecuredSmartProcure, Incdebtor: Thentia Canada Inc · as of 31 Jul 2026$25K USDMotion Record (August 17, 2026)
8UnsecuredMcGinnis Lochridgedebtor: Thentia USA Inc. · as of 31 Jul 2026$24.7K USDMotion Record (August 17, 2026)
8UnsecuredONICA Technologies Canada · in 2 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$24.2K USDMotion Record (August 17, 2026)
8UnsecuredCT Corporation System · in 5 casesdebtor: Thentia USA Inc. · as of 31 Jul 2026$23.8K USDMotion Record (August 17, 2026)
8UnsecuredTresvista Financial Servicesdebtor: Thentia Canada Inc · as of 31 Jul 2026$22.7K USDMotion Record (August 17, 2026)
8UnsecuredKalex Partners Inc.debtor: Thentia Canada Inc · as of 31 Jul 2026$21.9K USDMotion Record (August 17, 2026)
8UnsecuredBurton Trent Public Affairsdebtor: Thentia Canada Inc · as of 31 Jul 2026$20.5K USDMotion Record (August 17, 2026)
8UnsecuredBitSight Technologiesdebtor: Thentia Canada Inc · as of 31 Jul 2026$19.5K USDMotion Record (August 17, 2026)
8UnsecuredRADAR.IO Platformdebtor: Thentia Canada Inc · as of 31 Jul 2026$18K USDMotion Record (August 17, 2026)
8UnsecuredMcAfee & Taftdebtor: Thentia Canada Inc · as of 31 Jul 2026$17.8K USDMotion Record (August 17, 2026)
8UnsecuredMIIPE Inc.debtor: Thentia Canada Inc · as of 31 Jul 2026$16.2K USDMotion Record (August 17, 2026)
8UnsecuredPeople2.0debtor: Thentia Canada Inc · as of 31 Jul 2026$15.8K USDMotion Record (August 17, 2026)
8UnsecuredDeel, Incdebtor: Thentia Canada Inc · as of 31 Jul 2026$15K USDMotion Record (August 17, 2026)
8UnsecuredErnst & Young · in 11 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$14.3K USDMotion Record (August 17, 2026)
8UnsecuredDocebodebtor: Thentia Canada Inc · as of 31 Jul 2026$12.8K USDMotion Record (August 17, 2026)
8Unsecuredprocess streetdebtor: Thentia USA Inc. · as of 31 Jul 2026$12.1K USDMotion Record (August 17, 2026)
8UnsecuredLegislative Consultantsdebtor: Thentia Canada Inc · as of 31 Jul 2026$12K USDMotion Record (August 17, 2026)
8UnsecuredKevin Caindebtor: Thentia Canada Inc · as of 31 Jul 2026$11.5K USDMotion Record (August 17, 2026)
8UnsecuredMoses & Singer LLPdebtor: Thentia USA Inc. · as of 31 Jul 2026$11.4K USDMotion Record (August 17, 2026)
8Unsecured360 Advanced, Incdebtor: Thentia USA Inc. · as of 31 Jul 2026$11K USDMotion Record (August 17, 2026)
8UnsecuredBarnes & Thornburgdebtor: Thentia Canada Inc · as of 31 Jul 2026$11K USDMotion Record (August 17, 2026)
8UnsecuredArmanino Advisory LLC · in 2 casesdebtor: Thentia USA Inc. · as of 31 Jul 2026$10.3K USDMotion Record (August 17, 2026)
8UnsecuredDudnick Detwiler Rivin & Stikker LLPdebtor: Thentia Global Systems Inc. · as of 31 Jul 2026$9.91K USDMotion Record (August 17, 2026)
8UnsecuredConlon Techdebtor: Thentia Canada Inc · as of 31 Jul 2026$9.12K USDMotion Record (August 17, 2026)
8Unsecured15Fivedebtor: Thentia Canada Inc · as of 31 Jul 2026$9.05K USDMotion Record (August 17, 2026)
8UnsecuredRocketDocsdebtor: Thentia Canada Inc · as of 31 Jul 2026$8.74K USDMotion Record (August 17, 2026)
8UnsecuredZendesk · in 8 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$8.63K USDMotion Record (August 17, 2026)
8UnsecuredBeanfield Technologies Inc. · in 4 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$8.21K USDMotion Record (August 17, 2026)
8UnsecuredDPOrganizerRetained Liability (distinct from same-named creditor listed as Excluded Liability) — debtor: Thentia Canada Inc · as of 31 Jul 2026$8.19K USDMotion Record (August 17, 2026)
8UnsecuredSD Capitol Consultingdebtor: Thentia USA Inc. · as of 31 Jul 2026$7.5K USDMotion Record (August 17, 2026)
8UnsecuredSound Electricdebtor: Thentia Canada Inc · as of 31 Jul 2026$6.97K USDMotion Record (August 17, 2026)
8UnsecuredRemovifydebtor: Thentia Canada Inc · as of 31 Jul 2026$6.96K USDMotion Record (August 17, 2026)
8UnsecuredTarter Krinsky & Drogin LLPRetained Liability portion (distinct from same-named creditor listed as Excluded Liability) — debtor: Thentia Global Systems Inc. · as of 31 Jul 2026$6.68K USDMotion Record (August 17, 2026)
8UnsecuredHewlett-Packard Financial Services Canada Company · in 6 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$6.32K USDMotion Record (August 17, 2026)
8UnsecuredOne King West Hotel Residencedebtor: Thentia Canada Inc · as of 31 Jul 2026$6.25K USDMotion Record (August 17, 2026)
8UnsecuredCrawford Chondon & Partners LLP · in 2 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$5.67K USDMotion Record (August 17, 2026)
8UnsecuredPlativedebtor: Thentia Canada Inc · as of 31 Jul 2026$5.67K USDMotion Record (August 17, 2026)
8UnsecuredOwnBackupdebtor: Thentia Canada Inc · as of 31 Jul 2026$5.59K USDMotion Record (August 17, 2026)
8UnsecuredHumeo Advisory Inc.debtor: Thentia Canada Inc · as of 31 Jul 2026$5.19K USDMotion Record (August 17, 2026)
8UnsecuredHire Right LLCdebtor: Thentia USA Inc. · as of 31 Jul 2026$5.08K USDMotion Record (August 17, 2026)
8UnsecuredCFM Advocatesdebtor: Thentia Canada Inc · as of 31 Jul 2026$5K USDMotion Record (August 17, 2026)
8UnsecuredNational Governors Associationdebtor: Thentia Canada Inc · as of 31 Jul 2026$5K USDMotion Record (August 17, 2026)
8UnsecuredMajente Cloud Solutionsdebtor: Thentia Canada Inc · as of 31 Jul 2026$4.86K USDMotion Record (August 17, 2026)
8UnsecuredTax Chambersdebtor: Thentia Canada Inc · as of 31 Jul 2026$4.53K USDMotion Record (August 17, 2026)
8UnsecuredMason Hayes & Curran Professional Servicesdebtor: Thentia Canada Inc · as of 31 Jul 2026$4.4K USDMotion Record (August 17, 2026)
8UnsecuredGinny Hanrahandebtor: Thentia UK Limited · as of 31 Jul 2026$4.35K USDMotion Record (August 17, 2026)
8UnsecuredPrimary People Groupdebtor: Thentia Canada Inc · as of 31 Jul 2026$4.14K USDMotion Record (August 17, 2026)
8UnsecuredCoderPaddebtor: Thentia Canada Inc · as of 31 Jul 2026$4.07K USDMotion Record (August 17, 2026)
8UnsecuredNFP Benefits Consultants Limiteddebtor: Thentia UK Limited · as of 31 Jul 2026$4.05K USDMotion Record (August 17, 2026)
8UnsecuredTraflet & Fabiandebtor: Thentia USA Inc. · as of 31 Jul 2026$3.98K USDMotion Record (August 17, 2026)
8UnsecuredBusiness Systems Incdebtor: Thentia Canada Inc · as of 31 Jul 2026$3.71K USDMotion Record (August 17, 2026)
8UnsecuredDudnick Detwiler Rivin & Stikker LLPRetained Liability portion (distinct from same-named creditor listed as Excluded Liability) — debtor: Thentia Global Systems Inc. · as of 31 Jul 2026$3.51K USDMotion Record (August 17, 2026)
8UnsecuredNational Association of State Treasurersdebtor: Thentia Canada Inc · as of 31 Jul 2026$3.35K USDMotion Record (August 17, 2026)
8UnsecuredBenesch Attorneys at Lawdebtor: Thentia USA Inc. · as of 31 Jul 2026$3.27K USDMotion Record (August 17, 2026)
8UnsecuredRei Lexisnexis Canada - CADdebtor: Thentia Canada Inc · as of 31 Jul 2026$3.09K USDMotion Record (August 17, 2026)
8UnsecuredNiagara Techno Solutionsdebtor: Thentia Canada Inc · as of 31 Jul 2026$2.53K USDMotion Record (August 17, 2026)
8UnsecuredTalogy Canada (dba Caliper Canada)debtor: Thentia Canada Inc · as of 31 Jul 2026$1.77K USDMotion Record (August 17, 2026)
8UnsecuredPower Staffing Solutionsdebtor: Thentia Canada Inc · as of 31 Jul 2026$1.45K USDMotion Record (August 17, 2026)
8Unsecuredinstitute of regulationdebtor: Thentia Canada Inc · as of 31 Jul 2026$1.3K USDMotion Record (August 17, 2026)
8UnsecuredVidicodebtor: Thentia Canada Inc · as of 31 Jul 2026$1.05K USDMotion Record (August 17, 2026)
8UnsecuredDATUUMdebtor: Thentia USA Inc. · as of 31 Jul 2026$1K USDMotion Record (August 17, 2026)
8UnsecuredTwilio · in 2 casesdebtor: Thentia USA Inc. · as of 31 Jul 2026$921 USDMotion Record (August 17, 2026)
8UnsecuredBusiness Systems Inc. · in 2 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$748 USDMotion Record (August 17, 2026)
8UnsecuredSatrang Technologiesdebtor: Thentia USA Inc. · as of 31 Jul 2026$523 USDMotion Record (August 17, 2026)
8UnsecuredIron Mountain · in 20 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$455 USDMotion Record (August 17, 2026)
8UnsecuredBentall Green Oakdebtor: Thentia Canada Inc · as of 31 Jul 2026$401 USDMotion Record (August 17, 2026)
8Unsecuredtassdebtor: Thentia Canada Inc · as of 31 Jul 2026$394 USDMotion Record (August 17, 2026)
8UnsecuredFrogboxdebtor: Thentia Canada Inc · as of 31 Jul 2026$307 USDMotion Record (August 17, 2026)
8UnsecuredThe Empire Life Insurance Company · in 2 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$135 USDMotion Record (August 17, 2026)
8UnsecuredMultiplierdebtor: Thentia UK Limited · as of 31 Jul 2026$128 USDMotion Record (August 17, 2026)
8UnsecuredEmployment Security Departmentdebtor: Thentia Canada Inc · as of 31 Jul 2026$66 USDMotion Record (August 17, 2026)
8UnsecuredOklahoma Employment Security Commissiondebtor: Thentia Canada Inc · as of 31 Jul 2026$61 USDMotion Record (August 17, 2026)
8UnsecuredMcAfee & TaftRetained Liability portion (distinct from same-named creditor listed as Excluded Liability) — debtor: Thentia Canada Inc · as of 31 Jul 2026$45 USDMotion Record (August 17, 2026)
8UnsecuredIdaho Department of Labordebtor: Thentia USA Inc. · as of 31 Jul 2026$22 USDMotion Record (August 17, 2026)
8UnsecuredMicrosoft · in 8 casesdebtor: Thentia Canada Inc · as of 31 Jul 2026$2 USDMotion Record (August 17, 2026)
Sale processAs stated in the filings

Sale approved — Subscription Agreement and Transaction approved by the Court; RVO grants vesting of Purchased Shares in the Purchaser and Excluded Assets/Contracts/Liabilities in ResidualCo effective at Closing TimeSale Approval - Reverse Vesting Order (August 24, 2026) · 24 Aug 2026

Qualified bids

0

Monitor's Fourth Report (August 17, 2026)

Bid deadline (round closed)

15 May 2026

SISP Order (March 12, 2026)

Stalking horse

None

SISP Order (March 12, 2026)

PurchaserPriceStatusSource
Thentia Holdings Ltd.Credit bidthe Purchased Shares · share subscription · ResidualCo: 1001709843 Ontario Inc. · agreement 17 Aug 2026Credit bidconsideration includes the Closing Payment and the Credit Bid Consideration; amount not stated in this documentApproved24 Aug 2026outside 10 Jul 2026Sale Approval - Reverse Vesting Order (August…
AdvisorsDoane Grant Thornton Corporate Finance Inc. (financial advisor)Sale Approval - Reverse Vesting Order (August 24, 2026)
Closing termsClosing occurs upon delivery of the Monitor's Certificate confirming satisfaction/waiver of closing conditions, triggering the deemed sequence of steps (vesting of Excluded Assets in ResidualCo, issuance and vesting of Purchased Shares in the Purchaser, etc.)Sale Approval - Reverse Vesting Order (August 24, 2026)
Fees and ratesAs stated in the filings

2 engagements · 2 firms — latest: (firm not named), Fee PeriodMonitor's Fourth Report (August 17, 2026) · 17 Aug 2026

FirmPeriodHoursFeesRatesSource
(firm not named)capacity not statedperiod 2 of 2 · firm not named in the headingFee Period——$741.99stated averageMonitor's Fourth Report (August 17, 2026) · 17 Aug 2026
Grant Thornton Limitedcapacity not statedperiod 2 of 2 · firm not named in the headingFee Period——not statedMonitor's Fourth Report (August 17, 2026) · 17 Aug 2026
Estate financialsReported figures — never derived

Professional fees to date

$383K USD

As at 17 Aug 2026Monitor's Fourth Report (August 17, 2026)

Documents
149 filings
DateDocumentFile
Aide Memoire of Gardiner Roberts LLPPDF
Ancillary Order (August 24, 2026)
  • Counsel Miller Thomson LLP
  • Presiding officer Justice Cavanagh
PDF
Endorsement of J. Cavanagh (August 24, 2026)PDF
Sale Approval - Reverse Vesting Order (August 24, 2026)
  • Closing terms Closing occurs upon delivery of the Monitor's Certificate confirming satisfaction/waiver of closing conditions, triggering the deemed sequence of steps (vesting of Excluded Assets in ResidualCo, issuance and vesting of Purchased Shares in the Purchaser, etc.)
  • Order date 24 August 2026
  • Purchaser Thentia Holdings Ltd. · the Purchased Shares · share subscription · approved
  • Residualco 1001709843 Ontario Inc.
  • + 2 more extracted facts
PDF
Sale Approval Notice of Motion (August 24, 2026)
  • Counsel Miller Thomson LLP
PDF
Monitor's Factum dated August 21, 2026PDF
Monitor's Fourth Report (August 17, 2026)
  • Fee schedule Engagements: Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Label: Fee Period · Quote: the rates charged by GTL throughout the course of the Fee Period · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Grant Thornton Limited · Firm quote: GRANT THORNTON LIMITED IN ITS CAPACITY AS COURT-APPOINTED MONITOR · Context quote: To the best of my knowledge, the rates charged by GTL throughout the course of the Fee Period is comparable to those charged by other firms in Toronto for the provision of similar services. · Firm unverified: true · Comparability quote: To the best of my knowledge, the rates charged by GTL throughout the course of the Fee Period is comparable to those charged by other firms in Toronto for the provision of similar services.; Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Label: Fee Period · Quote: the rates charged by MT throughout the course of the Fee Period · Approval: State: unstated · Averages: — · Currency: · Invoices: · Context quote: To the best of my knowledge, the rates charged by MT throughout the course of the Fee Period is comparable to those charged by other law firms in Toronto for the provision of similar services. · Firm unverified: true · Comparability quote: To the best of my knowledge, the rates charged by MT throughout the course of the Fee Period is comparable to those charged by other law firms in Toronto for the provision of similar services.
  • Operational summary The Companies continue to operate in the ordinary course of business through the CCAA proceedings while pursuing a going-concern sale via a proposed reverse vesting order/credit bid transaction with Espresso, after the SISP failed to produce a qualified bid.
  • Process results 0 qualified bids · 2 bids · as of 30 Jun 2026
  • Professional fees $383K USD · Note: Fees $348,451 plus expenses/disbursements $16,337 plus GST $18,239 totaling $383,027; separately Miller Thomson (Monitor's counsel) fees $746,396 plus expenses $3,986 plus HST $97,299 totaling $847,681 for February 1, 2026 to June 30, 2026 · Party: Monitor (Grant Thornton Limited) · Period: February 8, 2026 to June 15, 2026
  • + 6 more extracted facts
PDF
Motion Record (August 17, 2026)
  • Secured creditors Note: Permitted Encumbrance per Schedule D · Page: 38 · Debtor: Thentia Consulting Services Canada Inc. · Creditor: Espresso Capital Ltd. · Currency: CAD · Security: ON PPSA registration - Reference File Number 502331301; collateral: Inventory, Equipment, Accounts, Other, Motor Vehicle Included
  • Unsecured creditors $20.5K USD · Page: 35 · As of: 2026-07-31 · Basis: Accounts Payable as of 7.31.26 (Schedule C - Excluded Liabilities) · Debtor: Thentia Canada Inc · Creditor: Burton Trent Public Affairs
PDF
Endorsement of J. Cavanagh (July 10, 2026)PDF
Motion RecordPDF
Stay Extension Notice of Motion
  • Counsel Miller Thomson LLP
PDF
Stay Extension Order (July 10, 2026)
  • Counsel Miller Thomson LLP
  • Presiding officer Justice Cavanagh
PDF
Monitor's Third Report (July 6, 2026)PDF
Endorsement of J. Cavanagh(May 13, 2026)PDF
SRED Priority Determination Order (May 13, 2026)
  • Counsel Miller Thomson LLP
  • Presiding officer Justice Cavanagh
PDF
SRED PRIORITY Notice of Motion (May 5, 2026)
  • Counsel Miller Thomson LLP
PDF
Monitor's Second Report (April 27, 2026)PDF
Creditor ListPDF
Espresso - Proof of Claim - 23-MAR-2026.pdfPDF
Instructions for Priority Claims ProcessPDF
Notice Letter for Priority Claims ProcessPDF
Endorsement of J. Cavanagh (March 12, 2026)PDF
KEIP Order (March 12, 2026)
  • Counsel Miller Thomson LLP
  • Presiding officer Justice Cavanagh
PDF
Priority Claims Process Order (March 12, 2026)
  • Counsel Miller Thomson LLP
  • Presiding officer Justice Cavanagh
PDF
Proof of Claim Form for Priority Claims ProcessPDF
SISP Order (March 12, 2026)
  • Bid deadline 15 May 2026
  • Counsel Miller Thomson LLP
  • Order date 12 March 2026
  • Outside date 10 July 2026
  • + 4 more extracted facts
PDF
Affidavit of R. Black (March 11, 2026)
  • Counsel Gardiner Roberts LLP
PDF
Aide Memoire of FAV (March 11, 2026)
  • Counsel Cassels Brock & Blackwell LLP
PDF
Aide Memoire of TTA (March 11, 2026)
  • Counsel Gardiner Roberts LLP
PDF
Monitors Factum (March 11, 2026)
  • Counsel Miller Thomson LLP
PDF
Aide Memoire of re SRED of Espresso (March 10, 2026)
  • Counsel Cozen O'Connor LLP
PDF
Compendium - Espresso CapitalPDF
Hutchins Affidavit (March 10, 2026)PDF
2026.03.09 PPSA Search - THENTIA GL_91937309v1.pdfPDF
Monitor's Supplemental First Report (March 9, 2026)
  • Sale advisor Doane Grant Thornton Corporate Finance Inc. (financial advisor)
  • Sale outcome Sale process approved — SISP proposed and recommended for approval, no bids yet received
PDF
Amended and Restated Initial Order (February 19, 2026)
  • Applicant Thentia Global Systems Inc.
  • Appointee Grant Thornton Limited
  • Appointee role receiver and manager
  • Commencement date 19 February 2026
  • + 4 more extracted facts
PDF
Endorsement of J. Cavanagh (February 19, 2026)PDF
Notice of Application (February 19, 2026)
  • Counsel Miller Thomson LLP
PDF
Provisional OrderPDF
Affidavit of R. Black (February 18, 2026)PDF
Monitor's Factum
  • Counsel Miller Thomson LLP
PDF
Monitor's First Report (February 17, 2026)PDF
Notice to Creditors (February 13, 2026)PDF
Amended and Restated Order (February 9, 2026)
  • Counsel Cozen O'Connor LLP
  • Presiding officer Justice Cavanagh
PDF
Ch. 15 Notice Motion
  • Counsel Miller Thomson LLP
PDF
Ch. 15 Recognition MotionPDF
DIP Term Sheet - 2026-02-09.pdfPDF
Declaration of Canadian LITPDF
Endorsement of J. Cavanagh (February 9, 2026)PDF
Initial Order (February 9, 2026)
  • Applicant Thentia Global Systems Inc., Thentia Canada Inc., Thentia USA Inc., Thentia UK Limited, Thentia Payments Canada Inc., Thentia Consulting Services Canada Inc., Thentia Quebec Inc., Thentia Payments USA Inc., Thentia Consulting Services USA Inc., and Thentia Europe Limited
  • Appointee Grant Thornton Limited
  • Appointee role Monitor
  • Commencement date 9 February 2026
  • + 5 more extracted facts
PDF
Order Amending Notice of Application (February 9, 2026)
  • Counsel Cozen O'Connor LLP
PDF
Aide Memoire of First Ascent (February 8, 2026)
  • Counsel Cassels Brock & Blackwell LLP
PDF
Aide Memoire of TTA (February 6, 2026)
  • Counsel Gardiner Roberts LLP
PDF
Applicants Factum (Espresso) (February 5, 2026)
  • Counsel Cozen O'Connor LLP
PDF
Joint Report (February 5, 2026)PDF
Hutchins Affidavit (February 3, 2026)PDF
Notice of Motion and Application (February 3, 2026)
  • Counsel Cozen O'Connor LLP
PDF
Borrowing Increase Order (January 23, 2026)
  • Counsel Miller Thomson LLP
  • Presiding officer Justice Cavanagh
PDF
Endorsement of J. Cavanagh (January 23, 2026)PDF
Receiver Certificate #4 - THENTIA (Espresso) - 01232026 (1)_91937380v1.pdfPDF
Notice of Motion (January 19, 2026)
  • Counsel Miller Thomson LLP
PDF
Receiver's First Report (January 19, 2026)PDF
Receiver Certificate #3 - THENTIA (Espresso) - 01092026 (2).pdfPDF
Receiver Certificate #2 - THENTIA (Espresso) - 12122025 (2)_91937248v1.pdfPDF
Receiver Certificate #1 - THENTIA (Espresso) - 12012025 (2)_91937247v1.pdfPDF
TGS Creditor Notice (December 1, 2025)PDF
Endorsement of J. Cavanagh (November 21, 2025)PDF
Receivership Order (November 21, 2025)PDF
Carson Affidavit (November 13, 2025)
  • Counsel Cozen O'Connor LLP
PDF
Notice of Default THENTIA BLACK GUARANTEE 2025-11-_91937443v1.pdfPDF
Endorsement of J. Cavanagh (November 4, 2025)PDF
Notice of Application Espresso
  • Applicant ESPRESSO CAPITAL LTD. and ESPRESSO VENTURE DEBT LP
  • Appointee Grant Thornton Limited
  • Appointee role receiver or receiver and manager
  • Counsel Cozen O'Connor LLP
  • + 4 more extracted facts
PDF
Order Appointing Monitor (November 4, 2025)
  • Counsel Cozen O'Connor LLP
  • Presiding officer Justice Cavanagh
PDF
Carson Affidavit (November 3, 2025)
  • Counsel Cozen O'Connor LLP
PDF
Factum (Espresso) (November 3, 2025)
  • Counsel Cozen O'Connor LLP
PDF
Reply Factum of Espresso (November 3, 2025)
  • Counsel Cozen O'Connor LLP
PDF
Supplementary Affidavit (Hutchins) (November 3, 2025)PDF
Demand - October 20, 2025_91937438v1.pdfPDF
Notice of Default - October 20, 2025_91937441v1.pdfPDF
Notice of Intention to Enforce Security - October _91937447v1.pdfPDF
Hutchins Affidavit (October 17, 2025)PDF
English Affidavit (October 16, 2025)
  • Counsel Cozen O'Connor LLP
PDF
Utley Affidavit (October 16, 2025)
  • Counsel Cozen O'Connor LLP
PDF
14. Fourteenth Amendment to Forbearance Agreement THENTIA 2025-09-30 (signed) (6)_91937483v1.pdfPDF
13. Thirteenth Amendment to the Forbearance Agreement THENTIA 2025-08-_91937482v1.pdfPDF
12. Twelfth Amendment to Forbearance THENTIA 2025-07-31_91937481v1.pdfPDF
Consent - Thentia Canada Reorg CCPC_91937310v1.pdfPDF
Perfection Certificate - Thentia Global Systems Inc. f_91937297v1.pdfPDF
Thentia Canada Inc (Richard Black) - Limited Guarantee and Pledge Agreement - 2025-06-30 (3)_91937300v1.pdfPDF
11. Eleventh Amendment to Forbearance THENTIA 2025-06-27_91937480v1.pdfPDF
1.5_-_Parent_Directors_Resolution_-_91937308v1.pdfPDF
Fourth Amended and Restated Loan Facility and Sec_91937282v1.pdfPDF
Special Approval and Written Consent - June 24, 2025_91937298v1.pdfPDF
10. Tenth Amendment to Forbearance THENTIA 2025-05-31_91937479v1.pdfPDF
9. Ninth Amendment to Forbearance Agreement THENTIA 2025-04-30 (Execut_91937477v1.pdfPDF
8. Eighth Amendment to the Forbearance Agreement THENTIA 2025-03-31 (E_91937473v1.pdfPDF
7. Seventh Amendment to Forbearance Agreement THENTIA 2025-02-26 (Exec_91937472v1.pdfPDF
6. Sixth Amendment to Forbearance Agreement THENTIA 2025-01-28 (Execut_91937470v1.pdfPDF
2.3 - Subordination Agreement - THENTIA - Colmac Holdings Limited (Executed Copy - January 2, 2025) (2)_91937507v1.pdfPDF
5. Fifth Amendment to Forbearance Agreement THENTIA 2024-12-19 (Execut_91937469v1.pdfPDF
4. Fourth Amendment to Forbearance Agreement THENTIA 2024-12-04 (Execu_91937468v1.pdfPDF
3. Third Amendment to Forbearance Agreement THENTIA 2024-11-04 (execut_91937467v1.pdfPDF
2. Second Amendment to Forbearance Agreement THENTIA 2024-10-03_91937465v1.pdfPDF
1. First Amendment to Forbearance Agreement THENTIA 2024-08-30_91937463v1.pdfPDF
0. Forbearance Agreement THENTIA 2024-07-19.docx (1)_91937462v1.pdfPDF
Reservation of Rights THENTIA 2024-05-28 final_91937450v1.pdfPDF
Loan Status Notice THENTIA 2024-05-14.docx_91937439v1.pdfPDF
Notice of Default THENTIA executed 2024-05-01 (1)_91937446v1.pdfPDF
2.25_-_Subordination Agreement - THENTIA - Jason Bullen Professiona_91937518v1.pdfPDF
Advance Request THENTIA (2nd Lien) 2024-03-05 Executed_91937246v1.pdfPDF
Amended and Restated Success Fee Agreement (Junior Facility).pdfPDF
Amended and Restated Success Fee Agreement (Senior Facility).pdfPDF
2.3 - Subordination Agreement - THENTIA - TTA Investments LLC executed (Final - March 3, 2024)_91937509v1.pdfPDF
2.6_-_Subordination_Agreement_-_THENTIA_-_7245734 Canada Inc_(Final_-_February_7,_2024).pdfPDF
Amended and Restated Warrant (Junior Facility)_91937401v1.pdfPDF
Amended and Restated Warrant (Senior Facility)_91937398v1.pdfPDF
Advance Request and Direction (Junior Facility)_91937244v1.pdfPDF
Hypothec re Thentia Quebec Inc. (Junior Loan Faci_91937295v1.pdfPDF
Junior Loan Facility and Security Agreement THENT_91937284v1.pdfPDF
Security Agreement - Thentia Consulting Services _91937293v1.pdfPDF
Security Agreement - Thentia Consulting Services _91937294v1.pdfPDF
Security Agreement - Thentia Payments USA Inc. (J_91937291v1.pdfPDF
Security Agreement - Thentia Payments USA Inc. (S_91937290v1.pdfPDF
Security Agreement - Thentia USA Inc. (Junior Fac_91937288v1.pdfPDF
Security Agreement - Thentia USA Inc. (Senior Fac_91937287v1.pdfPDF
2.18_-_Subordination_Agreement_-_THENTIA_-Bura Ventures Inc_(Final_-_91937517v1.pdfPDF
2.18_-_Subordination_Agreement_-_THENTIA_-_BDC_(Final_-_January_24,_2024).pdfPDF
2.18_-_Subordination_Agreement_-_THENTIA_-_FAV_II_(Final_-_January_24,_2024).pdfPDF
2.18_-_Subordination_Agreement_-_THENTIA_-_FAV_NR_II_(Final_-_January_24,_2024)_91937513v1.pdfPDF
2.18_-_Subordination_Agreement_-_THENTIA_-_JWHCSH_Co_(Final_-_Januar_91937514v1.pdfPDF
2.18_-_Subordination_Agreement_-_THENTIA_-_KLHCo_(Final_-_January_24_91937515v1.pdfPDF
2.18_-_Subordination_Agreement_-_THENTIA_-_SMC_(Final_-_January_24,_2024)_91937516v1.pdfPDF
Advance Request (Subsequent - Bridge Facility) THENTIA 2023-08-11_91937240v1.pdfPDF
Advance Request (Subsequent Advance) THENTIA 2023-05-02 Executed_91937242v1.pdfPDF
4._Advance_Request_(Subsequent_Advance)_THENTIA_2022-09-07.docx_91937238v1.pdfPDF
Thentia - Requisition and Direction - 2021.11.24_91937265v1.pdfPDF
Amended and Restated Promissory Note THENTIA_91937296v1.pdfPDF
Requisition_and_Direction_-_Thentia_-_2019-08-28_91937263v1.pdfPDF
Requisition THENTIA 2019-08-20.docx_91937254v1.pdfPDF
Requisition_and_Direction_-_Thentia_-_2019-05-08 (1)_91937259v1.pdfPDF
Requisition_and_Direction_-_Thentia_-_2019-03-28_91937257v1.pdfPDF
Requisition_and_Direction_-_Thentia_-_2019-02-14_91937256v1.pdfPDF
Requisition_and_Direction_-Thentia_-_2018-12-12_91937264v1.pdfPDF
Requisition and Direction THENTIA 2018-10-25 19_91937253v1.pdfPDF
Ch.15 Joint Admin. MotionPDF
DEPOSI_1.PDFPDF
Excluded Contracts ListingPDF
Final Recognition OrderPDF
Retained Contracts ListingPDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Thentia Global Systems Inc. and its affiliates” (CCAA), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/thentia-global-systems-inc-and-its-affiliates

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Sources last checked · summary updated 6 September 2026 · Report a correction · Printed from proceedings.ca/case/thentia-global-systems-inc-and-its-affiliates

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.