ThoughtWire Corp. filed a notice of intention to make a proposal on August 7, 2026, after customer losses, high operating costs and historical liabilities left the Toronto-based software company unable to service its secured debt. On September 2, Justice Cavanagh extended the company’s proposal deadline to October 20 and approved a four-week sale and investment solicitation process backed by a stalking horse bid from 1426994 Ontario Inc., a company formed by secured creditors Josip Kozar and Hole Medical Inc.
ThoughtWire develops AI-powered digital twin software that creates virtual models of real-world systems to provide operational intelligence, workflow automation and predictive decision support, with medical service providers…