Ontario · CCAA

RPMR.COA-26-OM-0349

Application / notice of application · 13 October 2026

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 filing3 verified

secured creditorsnote: Listed on the service list as 'Secured Creditor'; no amount or security stated on these pages. · page: 8 · creditor: His Majesty in Right of Ontario, represented by the Minister of Finance · currency: CAD
secured creditorsnote: Amount is the DIP Indebtedness estimated at closing to be credit bid under the Stalking Horse Agreement (a forecast, not a pre-filing balance). As at March 27, 2026 $900,000 had been drawn; DIP authorization was $600,000 under the Initial Order, forecast $4,175,000 to be advanced for operations and professional fees (a $1.875M increase over ARIO), and up to $8,000,000 sought under the amended DIP. Post-filing chargebacks (~$1,526,000 as at April 7, 2026) are added to DIP amounts outstanding; Pateno also advanced ~$3.2M to cover the Reset Date shortfall. Pateno is described in the First Schaffer Affidavit as the Applicants' primary secured creditor. · page: 42 · as of: estimated outstanding DIP Indebtedness as at the Closing Date · amount: 9500000 · debtor: XTM Inc. and Everyday People Payments Inc. · creditor: Pateno Payments Inc. (DIP Lender; also described as the Applicants' primary secured creditor) · currency: CAD · security: DIP Lender's Charge over the Property, ranking second behind the Administration Charge (max $600,000) and ahead of the Directors' Charge (max $100,000)
unsecured creditors