Ontario · Receivership (court-appointed)
Notice and Statement of the Receiver dated April 28, 2026.pdf
Notice to creditors · 28 April 2026
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What we verified from this filing9 verified
- financial positionnote: Only assets identified are accounts receivable, customer contracts, intellectual property, and cash in bank accounts; combined accounts receivable approximately $84 million USD as of Dec 31, 2025. Total liabilities not stated as a combined figure - see secured creditor amounts. · page: 2 · as at: 2025-12-31 · basis: Receiver's understanding, not audited · scope: combined - ClearPier Inc., Advinteo Inc., ClearPier Performance Inc., Solavid Inc., Vexigo Inc., VTV Studio Inc., and Media Quest Group Limited · currency: USD · total assets: 84000000
- secured creditorsnote: Two-currency components stated separately: CAD $39,857,438.52 and USD $45,293,082.94 as of Feb 4, 2026, plus accrued interest thereafter; do not sum per rules. Creditor Mailing List (Appendix A) states a single aggregate claim of $74,420,699.72 (currency not specified) - see separate note. · page: 2 · as of: 2026-02-04 · debtor: ClearPier Inc. and all Guarantors except VTV Studio Inc. · creditor: Export Development Canada · security: Guarantee of credit agreement between EDC and a related company not subject to these receivership proceedings
- secured creditorsnote: Prose in notice states 'in excess of $34 million USD'; exact balance as of Feb 23, 2026 used as amount, plus accrued interest thereafter. · page: 2 · as of: 2026-02-23 · amount: 34311796.5 · debtor: ClearPier Inc. (guaranteed by Advinteo Inc., ClearPier Performance Inc., Solavid Inc., Vexigo Inc., VTV Studio Inc., Media Quest Group Limited) · creditor: Royal Bank of Canada (as successor to HSBC Bank Canada) · currency: USD · security: Security granted under Facility Letter dated January 13, 2023 (as amended)
- secured creditorsnote: Aggregate claim amount per Creditor Mailing List (Appendix A); currency not specified in list, assumed CAD as document default; corresponds to combined CAD/USD balances stated on page 2 as of differing dates. · page: 4 · amount: 74420699.72 · debtor: ClearPier Inc. and all Guarantors except VTV Studio Inc. · creditor: Export Development Canada · currency: CAD
- unsecured creditorsnote: Nominal placeholder claim amount of $1.00 listed in creditor mailing list; not an adjudicated or reported claim amount. · page: 4 · basis: Creditor Mailing List placeholder amount · amount: 1 · debtor: Companies (combined) · creditor: CRA (National Verification and Collection Centre) · currency: CAD
- unsecured creditorsnote: Nominal placeholder claim amount of $1.00 listed in creditor mailing list. · page: 4 · basis: Creditor Mailing List placeholder amount · amount: 1 · debtor: Companies (combined) · creditor: Employees · currency: CAD
- unsecured creditorsnote: Nominal placeholder claim amount of $1.00 listed in creditor mailing list. · page: 4 · basis: Creditor Mailing List placeholder amount · amount: 1 · debtor: Companies (combined) · creditor: Ministry of Finance (Collections Branch) · currency: CAD
- unsecured creditorsnote: Nominal placeholder claim amount of $1.00 listed in creditor mailing list. · page: 4 · basis: Creditor Mailing List placeholder amount · amount: 1 · debtor: Companies (combined) · creditor: Receiver General for Canada (ESDC-Trustee Payments) · currency: CAD
- unsecured creditorsnote: Nominal placeholder claim amount of $1.00 listed in creditor mailing list; notice states Receiver understands there may be over 700 unsecured trade creditors, most common between the Companies, with a complete list to be compiled once contact information is obtained. · page: 4 · basis: Creditor Mailing List placeholder amount · amount: 1 · debtor: Companies (combined) · creditor: Unsecured Trade Creditors · currency: CAD