Drake OVO: ALLEGED $5M Unpaid Claim After ABG Sale

Lender A.R.I. ALLEGES OVO still owes ~C$5M after Authentic Brands Group / Vince IP deal; OVO disputes. Filing/dispute CONFIRMED; unpaid amounts are ALLEGATIONS. SEC docs are Vince public filings — not an SEC probe of Drake.

A.R.I. (Applied Real Intelligence) financed OVO via convertible notes (~C$5.2M). In June 2026, competing lawsuits launched in Ontario (OVO) and British Columbia (A.R.I.) over a make-whole fee. On Aug 10/13 2026, A.R.I. filed a 391-page Motion Record in Ontario Superior Court ALLEGING C$5,037,977 unpaid as of July 31, 2026. On Aug 27, Authentic Brands Group announced acquisition of 51% of OVO IP (Drake 44%, Vince 5%), with IP valued ~$117.6M. An A.R.I. spokesperson said the firm received no portion of the transaction proceeds and is seeking information through the court. OVO disputes portions of what is owed. AllHipHop's "SEC is involved" framing is clickbait — SEC materials are Vince Holding Corp. public filings about deal structure, not a new SEC investigation of Drake or OVO. Status: court filings and the ownership deal are CONFIRMED; the unpaid balance and default claims remain ALLEGATIONS. Sources: AllHipHop (Sep 20 2026), Billboard Pro, StockTitan/Business Wire motion record, HitsCulture.