Ontario · Bankruptcy

Notice of Bankruptcy Package

Notice to creditors · 17 October 2025

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appointeePricewaterhouseCoopers Inc.
appointee rolelicensed insolvency trustee
commencement date15 October 2025
court file no31-3285414
statutory basisBankruptcy and Insolvency Act (Canada)
financial positionnote: Form 78 reports secured creditors as $0.00 and preferred creditors/priorities as $0.00, indicating no secured or preferred creditors at date of bankruptcy; total unsecured creditors $128,630,754.07 per List "A"; stated deficiency of $103,671,839.24. · page: 2 · as at: 2025-10-14 · basis: Statement of Affairs (Form 78) as sworn by director; estimated realizable values, unaudited · scope: Untether AI Corp. (single entity, bankrupt estate) · currency: CAD · total assets: 24958914.83 · total liabilities: 128630754.07
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" of unsecured creditors as reported · amount: 25666.66 · debtor: Untether AI Corp. · creditor: ADP, Inc. (USD) · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 27475 · debtor: Untether AI Corp. · creditor: Advanced Encoding Solutions (Craig Lytle) · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 58184 · debtor: Untether AI Corp. · creditor: Alchip Technologies Limited Taiwan Branch · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 2508.8 · debtor: Untether AI Corp. · creditor: Alpha Novatech, Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 7000 · debtor: Untether AI Corp. · creditor: Ampere Computing · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 3033.32 · debtor: Untether AI Corp. · creditor: Audio Video Consulting Group Limited (AVC Group) · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 94.71 · debtor: Untether AI Corp. · creditor: Bell Canada - Fax Line Acct 972 · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 46.51 · debtor: Untether AI Corp. · creditor: Bell Canada - Phone Line Acct 323 · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 37.68 · debtor: Untether AI Corp. · creditor: Bell Canada - Fax Line Acct 350 · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 84.69 · debtor: Untether AI Corp. · creditor: Bell Canada - Internet Acct 7081 · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 6783 · debtor: Untether AI Corp. · creditor: Berliner Corcoran & Rowe LLP (BCR) · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 4520 · debtor: Untether AI Corp. · creditor: BioNym Consulting Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 33250 · debtor: Untether AI Corp. · creditor: Breker Verification Systems, Inc · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 2413.6 · debtor: Untether AI Corp. · creditor: BusinessWire - USD · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 8068196.84 · debtor: Untether AI Corp. · creditor: Cadence Design Systems Canada · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 465910.17 · debtor: Untether AI Corp. · creditor: Celestica International LP · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 10842.35 · debtor: Untether AI Corp. · creditor: Element Materials Technology (National Technical Systems SLMT Inc.) · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 8914.19 · debtor: Untether AI Corp. · creditor: Federal Express Canada Corporation · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 93406.25 · debtor: Untether AI Corp. · creditor: FreedomCAD PCB Design & Engineering · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 4331.25 · debtor: Untether AI Corp. · creditor: Granite River Labs Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 445648 · debtor: Untether AI Corp. · creditor: Ignitarium Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 34692.58 · debtor: Untether AI Corp. · creditor: IownT Design Inc · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 94304 · debtor: Untether AI Corp. · creditor: iTest · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 262035.05 · debtor: Untether AI Corp. · creditor: JABIL · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 2384.2 · debtor: Untether AI Corp. · creditor: Jackson Lewis P.C. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 30240 · debtor: Untether AI Corp. · creditor: Jade Design Automation Ireland Ltd. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 13630.51 · debtor: Untether AI Corp. · creditor: JetBrains Americas Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 12802.9 · debtor: Untether AI Corp. · creditor: Jordan Long · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 1422.05 · debtor: Untether AI Corp. · creditor: Joseph Bagliere · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 85343.25 · debtor: Untether AI Corp. · creditor: Jukie Networks Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 182229.48 · debtor: Untether AI Corp. · creditor: Just Some Enterprises, Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 2450 · debtor: Untether AI Corp. · creditor: JWC Consulting · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 9442.19 · debtor: Untether AI Corp. · creditor: Lever Inc · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 83092.94 · debtor: Untether AI Corp. · creditor: Lumicity · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 8793.75 · debtor: Untether AI Corp. · creditor: Muddy Gecko, Inc · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 383180 · debtor: Untether AI Corp. · creditor: Multicoreware Inc · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 1942.5 · debtor: Untether AI Corp. · creditor: myStartUpCFO · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 95664.86 · debtor: Untether AI Corp. · creditor: Osler, Hoskin & Harcourt LLP · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 16201.71 · debtor: Untether AI Corp. · creditor: Perry + Currier Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 210000 · debtor: Untether AI Corp. · creditor: ProteanTecs Inc · currency: CAD
unsecured creditorsnote: Credit card balance; classified unsecured as listed · page: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 44977 · debtor: Untether AI Corp. · creditor: Royal Bank of Canada (visa *4764, *8878) · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 7000 · debtor: Untether AI Corp. · creditor: SC25 (ACM/IEEE SC2025) · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 285300.4 · debtor: Untether AI Corp. · creditor: Sivaltech Private Limited · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 700000 · debtor: Untether AI Corp. · creditor: Socionext America Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 87335.56 · debtor: Untether AI Corp. · creditor: Sunshine PCB (HK) Co., Limited · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 1186500.1 · debtor: Untether AI Corp. · creditor: Synopsys Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 75303.2 · debtor: Untether AI Corp. · creditor: Teema (USD) · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 36499 · debtor: Untether AI Corp. · creditor: TEEMA Solutions · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 408997.16 · debtor: Untether AI Corp. · creditor: TessolveDTS, Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 254055.4 · debtor: Untether AI Corp. · creditor: The Advantage Group International, Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 4237.5 · debtor: Untether AI Corp. · creditor: Thinkrs Creative Studio · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 700 · debtor: Untether AI Corp. · creditor: Tim Haifley · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 6048 · debtor: Untether AI Corp. · creditor: Triple Crown Consulting, LLC · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 833.95 · debtor: Untether AI Corp. · creditor: TRS-RenTelco, Inc · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 7000 · debtor: Untether AI Corp. · creditor: TrustiPhi · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 1.4 · debtor: Untether AI Corp. · creditor: TD Securities (USA) LLC · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 102491.2 · debtor: Untether AI Corp. · creditor: Youzentech Technologies LLP · currency: CAD
unsecured creditorsnote: Aggregate placeholder for employee claims; no individual names given · page: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 1 · debtor: Untether AI Corp. · creditor: Employees (various) · currency: CAD
unsecured creditorsnote: Institutional investor listed as unsecured creditor · page: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 14806511.8 · debtor: Untether AI Corp. · creditor: CPP Investment Board Private Holdings (4) Inc. · currency: CAD
unsecured creditorsnote: Investor listed as unsecured creditor · page: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 3130774.36 · debtor: Untether AI Corp. · creditor: General Motors Ventures LLC · currency: CAD
unsecured creditorsnote: Investor listed as unsecured creditor · page: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 15147573.5 · debtor: Untether AI Corp. · creditor: General Motors Ventures LLC Private Holdings Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 20715.31 · debtor: Untether AI Corp. · creditor: Convergence X Corporation · currency: CAD
unsecured creditorsnote: Investor listed as unsecured creditor · page: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 4630310.08 · debtor: Untether AI Corp. · creditor: Radical Ventures Fund II (International), L.P. · currency: CAD
unsecured creditorsnote: Investor listed as unsecured creditor · page: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 23914499.56 · debtor: Untether AI Corp. · creditor: Radical Ventures Fund II, L.P. · currency: CAD
unsecured creditorsnote: Investor listed as unsecured creditor · page: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 19990646.79 · debtor: Untether AI Corp. · creditor: TCM-Untether Holdings LLC · currency: CAD
unsecured creditorsnote: Investor listed as unsecured creditor · page: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 32915801.63 · debtor: Untether AI Corp. · creditor: Middlefield Ventures, Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 193.68 · debtor: Untether AI Corp. · creditor: DHL · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 910 · debtor: Untether AI Corp. · creditor: Neugeboren O'Dowd PC - Nodip Law · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 15537.5 · debtor: Untether AI Corp. · creditor: NPS Labs · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 17500 · debtor: Untether AI Corp. · creditor: Edge AI and Vision Alliance (Berkeley Design Technology Inc) · currency: CAD
unsecured creditorspage: 4 · as of: 2025-10-14 · basis: Statement of Affairs, List "A" as reported · amount: 34300 · debtor: Untether AI Corp. · creditor: Nallasway Inc · currency: CAD
secured creditors