Motryx Inc., NOI

Motryx Inc., a Nova Scotia-based technology company in the healthcare sector, filed an NOI on September 27 listing $2.1 million in liabilities.

The company’s patented technology, VitalQC, allows for blood sample transport in a manner that ensures quality diagnostics and accurate testing.

By late 2021, Motryx’s founders decided to step away from the company’s day-to-day operations and Aerocom, a German company specializing in pneumatic tube systems, purchased 49.9% of the outstanding shares of Motryx. The acquisition reportedly caused issues with the company’s capitalization table which, along with issued convertible notes maturing, made it challenging to raise new capital as the company grew.

The company also faced issues due to the Covid-19 pandemic and sales that were slow to materialize.

BDO is the proposal trustee.