Overview
- The Atallah brothers partnered with a Canadian multi-family office to submit the winning offer in the CCAA court-run SISP.
- The transaction is slated to close by Feb. 13, 2026, pending court and regulatory approvals.
- Ssense continues operating under creditor protection while restructuring its obligations to suppliers and other creditors.
- The company sought CCAA protection in August 2025 after its primary lender attempted to force a sale.
- Reporting links the cash crunch to roughly $371 million in debt, May 2025 layoffs of 100 staff, and higher U.S. import costs after the $800 de minimis exemption was suspended.