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Simply Solventless (OTC:SSLCF) announced that its largest secured debenture holder Plaza Capital and largest promissory note holder Altek Acquisition Partnership plan to support SSC's restructuring announced Feb 27, 2026.
Plaza holds $3.0M of $6.0M CDs and AAP holds $1.0M of $2.3M PNs; together they represent 84% of secured debt. The restructuring aims to protect subsidiaries from CRA enforcement, preserve licenses and revenue, conduct a sale and investment solicitation process (SISP) for select subsidiaries, and allow SSC and Humble to continue operating.