Alberta · NOI
First Report of the Proposal Trustee .
Court officer report · 4 July 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing5 verified
- financial positionnote: The Conway Affidavit (pp.53-54) presents the same March 31, 2025 balance sheet with slightly different rounding: total assets ~$31.6 million (Current assets $25.4M + Non-current assets $6.2M, including a $387,000 short-term investments line not separately broken out in the Trustee's First Report table) and total liabilities ~$73.8 million (Current $69.2M + Non-current $4.6M). Shareholders' deficit was $(41,622) thousand per the First Report balance sheet ($42.1 million per Conway Affidavit, p.10). · page: 6 · as at: 2025-03-31 · basis: Unaudited, book value; balance sheet 'Information provided by Management', not audited or otherwise verified by the Trustee to GAAS standards · scope: ATTAbotics Inc. entity-level balance sheet (Company's financial reporting is completed on a consolidated basis and reported through ATTAbotics per Conway Affidavit, p.53) · currency: CAD · total assets: 31858000 · total liabilities: 73480000
- secured creditorsnote: BDC Credit Facility ceiling (original facility/registration limit) is $10,697,690 (Conway Affidavit, p.10). Intercreditor Agreement dated January 31, 2024 between BDC and EDC confirms BDC has first priority over equipment it financed, while EDC has first priority over all other collateral. · page: 7 · as of: 2025-03-31 · amount: 2800000 · debtor: ATTAbotics Inc. (borrower); ATTAbotics (US) Corp. (guarantor) · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: General security agreement creating a first priority security interest in specific equipment financed under the BDC Credit Facility, and a security interest in all present and after-acquired personal property of ATTAbotics, except consumer goods (Letter of Offer/Loan Agreement dated January 17, 2019).
- secured creditorsnote: BMO and RBC hold cash collateral of approximately $525,000 securing credit card facilities; as no amounts are owing under the credit cards, both banks are in the process of returning/releasing this collateral to the Company (expected by August 1, 2025). Security is effectively being discharged/released, not a current outstanding secured balance. · page: 7 · amount: 0 · debtor: ATTAbotics Inc. · creditor: Bank of Montreal (BMO) and Royal Bank of Canada (RBC) · currency: CAD · security: Cash collateral held against credit card facilities.
- secured creditorsnote: Deemed trust class - harmonized sales tax collected but not remitted. · page: 7 · amount: 20000 · debtor: ATTAbotics Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Amount is the exact dated balance stated in EDC's Notice of Intention to Enforce Security served June 18, 2025 (US$33,782,341 plus additional interest, costs, fees and expenses). Trustee's First Report (p.6) describes the same debt in prose as approximately $46.3 million CAD as at the time of the NOI filing. ATTAbotics' unaudited balance sheet as at March 31, 2025 shows 'Convertible debentures' of $47,513,000 CAD as a current liability. · page: 61 · as of: 2025-06-18 · amount: 33782341 · debtor: ATTAbotics Inc. and ATTAbotics (US) Corp. · creditor: Export Development Canada (EDC) · currency: USD · security: General security agreement creating a security interest in all present and after-acquired personal property of ATTAbotics Inc. and ATTAbotics (US) Corp., per Secured Note Purchase Agreement dated February 1, 2024 (multiple secured convertible promissory notes); Intercreditor Agreement dated January 31, 2024 gives EDC first priority over all collateral other than equipment financed by BDC.