Untether AI Corporation
Follow- 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.
Untether AI Corp. filed, or was deemed to have filed, an assignment into bankruptcy on October 15, 2025.
Source: Notice of Bankruptcy Package
2 earlier updates, back to 15 October 2025 — subscribers.
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 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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| 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 20 September 2026, https://proceedings.ca/case/untether-ai-corporation