Ontario · CCAA
Second Report of the Receiver
Court officer report · 30 June 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 filing9 verified
- disbursementsnote: Stated as 'approximately $1.0 million' in disbursements over the Period; net cash flow before transfers approximately $0.9 million. · since: April 28, 2026 (commencement of receivership), through June 26, 2026 · amount: 1000000 · currency: CAD
- operational summarySynaptive has been placed in receivership; all 72 Canadian employees were terminated, and the Receiver is securing premises and assets, selling consumable inventory as is, where is, and maintaining patents and regulatory matters. The SISP has concluded in a proposed reverse vesting sale of 100% of the equity to Globus Medical, Inc., with Closing targeted by July 31, 2026.
- professional feesnote: Stated as 'approximately'; Receiver's counsel (McMillan LLP) fees and disbursements were separately approximately $98,000. Tax treatment not stated. · party: Receiver (Richter Inc.) · amount: 211000 · period: April 28, 2026 to June 26, 2026 · currency: CAD
- purchaser1001599818 Ontario Inc.; Globus Medical, Inc.
- receipts cumulativenote: Stated as 'approximately $1.9 million' in receipts over the Period; includes $1,000,000 and $100,000 from the Second and First Receiver's Borrowings Charges, ~$304,000 opening cash, the BuildNS Funds, and ~$157,000 of collected receivables. · since: April 28, 2026 (commencement of receivership), through June 26, 2026 · amount: 1900000 · currency: CAD
- report date30 June 2026
- report noSecond Report
- sale outcometext: Globus Medical Inc.'s bid was designated as the Successful Bid following an auction · scope: whole_business · status: approved
- stalking horse1001599818 Ontario Inc.