Ontario · Receivership (court-appointed)
Notice and Statement of the Receiver dated July 17, 2025
Notice to creditors · 17 July 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 filing2 verified
- financial positionnote: Assets and liabilities carry different as-at dates: assets 'as of the date of the receivership' per unaudited statements as at May 31, 2025 (stated in CAD $000s; table total 20,159); liabilities per creditors' list as at July 11, 2025 (secured 10,405,086.00 + unsecured 10,100,562.52 = 20,505,648.52). Several secured creditors and CRA/Ontario Ministry of Finance/Employees are listed at $1, indicating undetermined/unknown amounts. Asset components: Cash 185; Accounts receivable 847; Prepaid expenses 694; SR&ED and tax refunds 2,876; Fixed assets 64; Intellectual property 10,234; Intercompany receivables 5,259. Substantially all Property was sold July 16, 2025; NBC is projected to suffer a material shortfall. · basis: Unaudited book value of assets per the Debtor's unaudited financial statements as at May 31, 2025 ('most current financial information'); liabilities per the Debtor's books and records as a preliminary, unaudited creditors' listing as at July 11, 2025, with no acknowledgment by the Receiver of amounts owing or security claimed. · scope: Single entity: Axiom Real-Time Metrics Inc. (the Debtor) · currency: CAD · total assets: 20159000 · total liabilities: 20505648.52
- recovery outcomeentries: basis: estimated · quote: NBC is the Company's main secured lender. It is projected to suffer a material shortfall on its loans to the Company after considering any amounts payable to it from the Transaction and the collection of SRED refunds. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: NBC · creditor name: National Bank of Canada · interim final: unstated · claims qualifier: unstated · stated on: 2025-07-17 · table missing: