Untether AI Corporation
- Proceeding
- BankruptcyBankruptcy and Insolvency Act, R.S.C. 1985, c.B-3
- File
- 31-3285414
Untether AI Corporation filed, or was deemed to have filed, an assignment into bankruptcy on October 15, 2025, in Ontario under the BIA (court file no. 31-3285414). The Statement of Affairs reported total assets of $24,958,914.83 against total liabilities of $128,630,754.07, a deficiency of $103,671,839.24. No amounts were owing to secured or preferred creditors as at the bankruptcy date; secured funded debt had already been repaid in full in June 2025 from proceeds of the AMD transaction. Around 71 unsecured creditors were listed, totalling approximately $128.63 million, though by October 30, 2025 only $1,814,751.74 in proofs of claim across 22 claims had actually been filed with the trustee.
A claims procedure has been established — see the order for deadlines.
Debtor
Untether AI Corporation
Trustee in bankruptcy
PwC
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Middlefield Ventures, Inc.Investor listed as unsecured creditor — debtor: Untether AI Corp. · as of 14 Oct 2025 | $32.9M | Notice of Bankruptcy Package |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
70 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution.EstimatedTrustee's Report on Preliminary Administration · 30 Oct 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | unsecured creditors with proven claims | — | a distribution | Estimatedper the trustee | Trustee's Report on Preliminary Administration · 30 Oct 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.
As at ·
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 |
|---|---|---|
Trustee's Report on Preliminary Administration
| PDF · Subscribers | |
Notice of Bankruptcy Package
| PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
Proxy Form
| 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., “Untether AI Corporation” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/untether-ai-corporation