Ontario · NOI
Third Report of the Proposal Trustee
Court officer report · 2 March 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
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 627.37 · quote: The average hourly rate of the Proposal Trustee is $627.37 (excluding HST). · scope: Proposal Trustee (excluding HST) · currency: · invoices: · firm text: BDO Canada Limited · firm quote: BDO CANADA LIMITED in its capacity as Proposal Trustee of Reactor Engineering Group Ltd. o/a Harbour Technologies and not in its personal or corporate capacity · context quote: BDO CANADA LIMITED in its capacity as Proposal Trustee of Reactor Engineering Group Ltd. o/a Harbour Technologies and not in its personal or corporate capacity; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 649.24 · quote: The average hourly rate of the Proposal Trustee is $649.24 (excluding HST). · scope: Proposal Trustee (excluding HST) · currency: · invoices: · firm text: BDO Canada Limited · firm quote: BDO CANADA LIMITED in its capacity as Proposal Trustee of Reactor Engineering Group Ltd. o/a Harbour Technologies and not in its personal or corporate capacity · context quote: BDO CANADA LIMITED in its capacity as Proposal Trustee of Reactor Engineering Group Ltd. o/a Harbour Technologies and not in its personal or corporate capacity; form: prose · rows: · money: total: quote: in the amount of $60,398.60, inclusive of HST and disbursements in connection with its fees and disbursements · amount: 60398.6 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2026-02-15 · kind: invoice · quote: for the period from January 16, 2026 to February 15, 2026 · start: 2026-01-16 · approval: state: unstated · averages: rate: 689.96 · quote: The average hourly rate of A&B is $689.96. · scope: A&B · currency: · invoices: · firm text: A&B · firm quote: counsel to the Proposal Trustee, A&B has prepared a statement of account dated February 19, 2026 · context quote: counsel to the Proposal Trustee, A&B has prepared a statement of account dated February 19, 2026, which details its services rendered and fees incurred for the period from January 16, 2026 to February 15, 2026 in the amount of $60,398.60, inclusive of HST and disbursements in connection with its fees and disbursements (' Statement of Account ').; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 695.17 · quote: The average hourly rate of A&B is $695.17 (excluding HST). · scope: A&B (excluding HST) · currency: · invoices: · firm text: A&B · firm quote: counsel to the Proposal Trustee, A&B has prepared a statement of account dated February 19, 2026 · context quote: counsel to the Proposal Trustee, A&B has prepared a statement of account dated February 19, 2026, which details its services rendered and fees incurred for the period from January 16, 2026 to February 15, 2026 in the amount of $60,398.60, inclusive of HST and disbursements in connection with its fees and disbursements (' Statement of Account ').
- operational summaryThe Company continues to operate while conducting a court-supervised sales process (stalking horse/auction) for its business and assets, funded by DIP financing, while pursuing SRED tax credit claims and seeking a further extension of the stay of proceedings to file a proposal.
- professional feesnote: Also A&B (counsel) fees and disbursements of $60,398.60 for January 16, 2026 to February 15, 2026, including fees of $53,265.00 plus disbursements of $185.09 and HST of $6,948.51; Proposal Trustee fees of $70,254.36 include fees of $62,172.00 plus HST of $8,082.36; average hourly rate of Proposal Trustee $627.37 excluding HST · party: Proposal Trustee (BDO Canada Limited) · amount: 70254.36 · period: January 17, 2026 to February 15, 2026 · currency: CAD
- purchaserATMIS Protective Equipment Inc.
- report date2 March 2026
- report noThird Report
- sale advisorBDO Transaction Advisory Services Inc.
- sale outcometext: Sales Process ongoing, Stalking Horse Agreement approved as stalking horse bid pending sale approval motion · scope: whole_business · status: process_approved
- stalking horseATMIS Protective Equipment Inc. (261845)