Alberta · NOI
Affidavit No. 1 of Steven Taylor sworn February 23, 2026
Affidavit · 23 February 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 filing5 verified
- financial positionnote: Affidavit states only an approximate total owed to creditors ('approximately $11,466,363'); no corresponding total assets figure is provided in these pages. · page: 2 · as at: NOI filing date (February 20, 2026) · basis: Ignite's books and records (approximate) · scope: Ignite Alliance Corp. (entity level; excludes Ignite Collaboration Services Group US Inc., which is not a party to the Proposal Proceedings) · currency: CAD · total liabilities: 11466363
- secured creditorsnote: ATB issued a demand for repayment and a s.244 BIA Notice of Intention to Enforce Security on August 14, 2024; parties have since entered a series of Forbearance Agreements; ATB is not stayed by the NOI as its 244 Notice pre-dates filing by more than 10 days. Personal guarantees exist: Steven Taylor (President/CEO/43.33% shareholder) and Rommell Mendoza (14.15% shareholder) each provided continuing guarantees limited to $255,000 per the October 2021 Commitment Letter; additional 'Cash Injection Guarantees' provided by director-shareholders under the 2024 Forbearance Agreement (individual names in this note only, not amounts owed by ATB). · page: 8 · as of: Filing Date (February 20, 2026) · amount: 440000 · debtor: Ignite Alliance Corp. · creditor: ATB Financial · currency: CAD · security: Two general security agreements (GSAs) dated July 26, 2016 and December 2, 2021 (the 'ATB Security'), securing the Operating Facility (revolving); original maximum Operating Limit of $2,000,000, reduced pursuant to Forbearance Agreement to a current Operating Limit of $700,000 (facility limit, not balance)
- secured creditorsnote: No outstanding balance stated in the affidavit. · page: 9 · debtor: Ignite Alliance Corp. · creditor: Ingram Micro Inc. · currency: CAD · security: General security agreement (GSA) granted by Ignite; registration made at Alberta PPR
- secured creditorsnote: No outstanding balance stated in the affidavit. · page: 9 · debtor: Ignite Alliance Corp. · creditor: TD Synnex Canada ULC · currency: CAD · security: General security agreement (GSA) granted by Ignite; registration made at Alberta PPR
- secured creditorsnote: Listed by the affiant under the affidavit's 'Secured Creditors' heading, but no specific security instrument (e.g., PPR registration, deemed trust claim) is described for CRA in these pages. Comprises approximately $1,450,000 principal (unremitted source deductions/GST) and approximately $1,360,000 interest and penalties (the 'CRA Arrears'). A payment plan was negotiated with CRA in 2024; arrears were reduced by $650,000 in Sept/Oct 2024 with ongoing $150,000/month reduction plan. · page: 9 · as of: as of the swearing of this Affidavit (February 23, 2026) · amount: 2800000 · debtor: Ignite Alliance Corp. · creditor: Canada Revenue Agency · currency: CAD