Katipult Technology Corp. (TSXV:FUND), Receivership

Katipult Technology Corp. (TSXV:FUND), a Calgary-based publicly traded fintech company that provides cloud-based platforms focusing on efficient capital raise through digital solutions in the equity and debt markets, was placed into receivership on February 11 on application by certain convertible debenture holders, owed approximately $9 million. 

KSV was appointed receiver and is continuing the operations of the company to complete a going-concern transaction to one of Katipult’s major customers.

Counsel is Fasken for the receiver, Chaitons for the company and Norton Rose Fulbright for the debenture holders.