Ontario · Receivership (court-appointed)
First Report of the Receiver dated October 23, 2025
Court officer report · 23 October 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing6 verified
- financial positionnote: Assets and liabilities are reported as at different dates in the source document (assets as at August 31, 2025 per books and records; liabilities as at the Date of Appointment, October 9, 2025). · page: 9 · as at: 2025-08-31 (assets); Date of Appointment (October 9, 2025) (liabilities) · basis: Debtor's unaudited and internal books and records/financial statements; amounts represent book values which the Receiver notes 'do not necessarily represent the realizable value of the Property, which may differ materially from the book value' · scope: Entity-level for DOZR Inc. only (the Debtor); not consolidated with DOZR Holdings Ltd. or DOZR Ltd. (DOZR US), which are reported separately (e.g., DOZR US had ~US$4.0 million net accounts receivable as at Appointment Date) · currency: CAD · total assets: 949699 · total liabilities: 4256131
- secured creditorsnote: Debtor's books and records estimate as at Appointment Date. Also described in prose as 'approximately $3.4 million in aggregate, exclusive of fees, costs and interest' (RBC Secured Debt). Receiver's counsel to render opinion on validity/enforceability of RBC's security (opinion pending). · page: 10 · as of: Date of Appointment (October 9, 2025) · amount: 3369043 · debtor: DOZR Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement dated July 13, 2022 over all present and after-acquired personal property of the Debtor (excluding intellectual property but including all proceeds of intellectual property); also secured by general security agreements from guarantors DOZR Holdings Ltd. and DOZR Ltd. (DOZR US) over substantially all of their respective assets pursuant to a Credit Agreement dated July 13, 2022
- secured creditorsnote: Value of potential claims unknown at this time; Receiver still determining quantum owed and underlying collateral. Pursuant to Inter-lender Agreement dated September 11, 2024, these PPSA registrants agreed to postpone and subordinate their security interests in favour of RBC. · page: 11 · as of: August 1, 2025 (PPSA registration date) · debtor: DOZR Inc. · creditor: Various PPSA registrants (convertible note holders) · currency: CAD · security: Security interests registered under the Personal Property Security Act (Ontario), primarily related to convertible notes held by certain investors
- process resultslois: 1 · note: the Purchaser submitted the LOI relied upon; other solicited parties did not result in binding transaction · as of: 2025-10-23 · solicited: 6
- purchaser17416512 Canada Ltd.
- sale outcometext: proposed transaction negotiated, subject to Court approval · scope: whole_business · status: pending_approval