Ontario · CCAA
First Report of the Receiver Richter Inc.
Court officer report · 8 May 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 filing8 verified
- disbursementsnote: This is the amount the Receiver has borrowed from EDC under the Receiver's Borrowings Charge (authorized up to $400,000), not a statement of operating disbursements. · since: April 29, 2026 (Receiver's Certificate) · amount: 100000 · currency: CAD
- operational summarySynaptive furloughed 90 of its employees in April 2026 leaving four for baseline operations, and its directors have since resigned. The Receiver terminated employees, secured the premises, engaged six former employees as short-term contractors for accounting and patent maintenance, and is preparing a stalking-horse SISP.
- process resultsbids: 1 · lois: 6 · ndas: 24 · note: figures from reproduced Third Report of the Monitor, June 14, 2025, describing the prior CCAA SISP process, not the current receivership SISP · as of: 2025-06-02 · solicited: 228 · qualified bids: 3
- purchaser1001599818 Ontario Inc.
- report date7 May 2026
- report noFirst Report
- sale outcometext: The Receiver recommends approval of the SISP, including the Stalking Horse Agreement and Stalking Horse Bid, subject to further Court approval upon a successful bid · scope: whole_business · status: process_approved
- stalking horse1001599818 Ontario Inc.