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Other

Colabor Group Inc. Provides Update on Its SISP

By The Northwire Desk — AI Analysis Mar 26, 2026 · 23:54 GCL · 0.04 COLABOR GROUP INC.
GCL · Price

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.)

Read the original news release →

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