Colabor Group Inc. Provides Update on Its SISP

Executive Summary

• Colabor Group Inc. reports acceptance of four binding offers for the substantial totality of its assets and operations, with definitive agreements pending for three transactions.
• A Share Purchase Agreement to sell all outstanding shares of Tout‑Prêt Inc. to a newly formed corporation (employee‑backed) has been finalized; the company seeks court approval at a hearing scheduled for March 31, 2026, with expected closing in early April 2026.
• The company will return to court shortly to seek approval for the remaining three transactions and has filed an application for a stay of proceedings until May 1, 2026.

Key Details

• Sale & Investment Solicitation Process (SISP): Conducted under supervision of the Superior Court of Québec and Raymond Chabot Inc., the monitor for Colabor’s CCAA restructuring.
• Binding Offers: Four offers covering the substantial totality of assets and operations have been accepted; definitive agreements are being finalized for three of them.
• Tout‑Prêt Share Purchase Agreement:
• Purchaser: Newly incorporated corporation created solely to acquire all Tout‑Prêt shares on behalf of existing Tout‑Prêt employees.
• Status: Finalized by Colabor; pending court approval (Approval Order).
• Hearing Date: March 31, 2026.
• Expected Closing: Early April 2026, subject to the Approval Order and customary closing conditions.
• Court Applications:
• Application for an Approval and Vesting Order for the Tout‑Prêt transaction.
• Application for a stay of proceedings until May 1, 2026; hearing to be held during the March 31 court session.
• Future Steps: Colabor will seek court approval for the remaining three transactions in the coming weeks.

Notable Quotes

(No direct quotes were provided in the release.)