Ontario · NOI
Motion Record of 3MotionAI Inc. returnable October 1, 2025
Application / notice of application · 29 September 2025
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
- applicant3MOTIONAI INC.
- commencement date29 September 2025
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noBK-25-03267656-0032
- provinceONTARIO
- appointeeTDB RESTRUCTURING LIMITED
- appointee roleBIA proposal trustee
- financial positionnote: Affidavit of Reed Hanoun states at para 15: 'There are no secured creditors.' A PPSA registration in favour of Royal Bank of Canada was found on search (Exhibit E), but the underlying RBC loan (approx. $220,000 outstanding) was paid off by 3Motion from cash on hand prior to the NOI filing (Sept 3, 2025) specifically to simplify the BIA process; the Proposal Trustee reviewed the payout and took no objection — this is DISCHARGED security, not a current secured claim (paras 16-17, p.26-27). Company also produced an internal (unaudited, book-value) balance sheet as of September 29, 2025 (post-NOI filing) showing total assets $2,239,586.64 and total liabilities $1,258,797.03, but that is a post-filing figure and is not used as the pre-filing financial position. · page: 26 · as at: 2024-12-31 · basis: Compiled financial information (unaudited compilation engagement under CSRS 4200; Fuller Landau LLP report dated June 20, 2025) — 'we do not express an audit opinion or a review conclusion, or provide any form of assurance on the financial information'; 'Readers are cautioned that the financial information may not be appropriate for their purposes.' Represents last pre-filing (year-end) statements; historical cost/cash basis per Note 1. · scope: 3MotionAI Inc. (single entity, unconsolidated) · currency: CAD · total assets: 4864357 · total liabilities: 1740115
- secured creditors