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Simply Solventless (OTC: SSLCF) provided a restructuring update and announced a CFO change on April 6, 2026. The Court of King's Bench of Alberta authorized a DIP financing up to $1,500,000 and approved a SISP with key bid deadlines of May 8 and May 15, 2026.
The SISP is expected to conclude by May 15, 2026, with an approval application hearing targeted as soon as practical thereafter. The company also named Lachlan McLeod as incoming CFO (subject to approvals) after Ananth Krishnan stepped down.
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.