Ontario · CCAA
Motion Record of the Applicants dated October 9, 2026
Application / notice of application · 9 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 filing4 verified
- unsecured creditorsnote: Amount not stated in these pages. · page: 6 · basis: Service list describes it as an 'Unsecured Promissory Noteholder' · creditor: 2700715 Ontario Inc. · currency: CAD
- secured creditorsnote: Amount not stated in these pages. BDC opposed the Original Sale Transaction and sought a sale process in June 2026. · page: 27 · debtor: Applicants · creditor: BDC Capital Inc. · currency: CAD · security: Described as the Applicants' subordinate secured creditor
- secured creditorsnote: Balance of pre-filing senior secured debt not stated in these pages. The $2.6 million is the DIP facility maximum (a limit, not a drawn balance). Further funding under the DIP is stated not to be needed. · page: 28 · debtor: Applicants (Paystone Holdings Inc., Paystone Inc., Atom Growth Inc., Atom Growth (USA), Inc.) · creditor: Sandton Investments X (Luxembourg) S.à r.l. · currency: CAD · security: Described as the Applicants' senior secured lender; also DIP Lender under a DIP Facility with maximum principal amount of $2.6 million, secured by the DIP Lender's Charge (court-ordered super-priority charge, July 10, 2026), ranking behind the Administration Charge and the BNS Charge
- unsecured creditorsnote: Amount not stated in these pages; the Applicants are working toward a consensual resolution of the Cure Costs. · page: 31 · basis: Cure Costs (as defined in the APA) owing under an Assigned Contract; stated to be owing only to Elavon · creditor: Elavon Financial Services Ltd · currency: CAD