Ssense has been under CCAA protection since September 12, 2025, and the proceedings remain active. A court-supervised sale and investment solicitation process ran with a phase one deadline of October 13, 2025 and a bid deadline of November 21, 2025, and produced a purchase agreement with 9549-0348 Québec Inc., the unredacted copy of which was filed under seal as Exhibit R-3A. Under that agreement, closing is to occur no later than five business days after the closing conditions are satisfied and in any event by an outside date of February 13, 2026, absent written agreement of the parties with the Monitor's consent. The Monitor has reported to the court seven times, most recently on May 7, 2026.
Order granted as the stay expired that day, continuing protection while the Debtors provided ERP-related transition services, collected receivables and prepared for eventual termination of the CCAA proceedings.
Source: Stay Extension Order, extending the stay of proceedings to November 13, 2026
Eighth report proposed a further interim distribution of $5.5M to the Lending Syndicate from the balance of the Sale Proceeds, accrued interest and Residual Cash, and reported cash of $5,158,000 as at August 28, 2026.
Source: Eighth Report of the Monitor
44 earlier updates, back to 12 September 2025 — subscribers.
Case update
SSENSE: the final stay, and $5.5 million more for the banks
In May the court said the extension to September 11 "should be the final stay of proceedings." On September 11 Justice Morin extended it again, to November 13, and authorized a second distribution of $5,500,000 to the lending syndicate that had asked for a liquidation instead of the founders' purchase. With $38,807,000 paid against more than $134 million of principal, the orders record that nothing will reach any other creditor. What is holding up the end is an ERP migration and a seized account in Belgium.
Precedent note
What stay extensions are actually granted
Seven CCAA files, three provinces, and no two extensions alike — four days because the court could not sit, twenty days more than the debtor asked for, a full year when all that is left of the company is a lawsuit. The boundary is the case's own calendar.
Debtor
Ssense
Monitor
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Garin | Superior Court of Québec | 4 orders, Aug 2025 – Nov 2025 | 3 cases on record |
| Justice Morin | Superior Court of Québec | 2 orders, Sep 2026 | 7 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorEY | Fasken Martineau DuMoulin LLP | 11 Sep 2025 | Service list · 11 Sep 2025 |
| ApplicantSsense | Stikeman Elliott LLP | 11 Sep 2025 | Service list · 11 Sep 2025 |
| Interim lender | Norton Rose Fulbright Canada LLP | 11 Sep 2025 | Service list · 11 Sep 2025 |
| CreditorBanking Syndicate | Borden Ladner Gervais LLP | 11 Sep 2025 | Service list · 11 Sep 2025 |
| CreditorBanking Syndicate's | McCarthy Tétrault LLP | 11 Sep 2025 | Service list · 11 Sep 2025 |
| CreditorInvestissement Québec | McCarthy Tétrault LLP | 11 Sep 2025 | Service list · 11 Sep 2025 |
| CreditorISSEY MIYAKE USA CORP | Woods LLP | 11 Sep 2025 | Service list · 11 Sep 2025 |
| CreditorRBC | McMillan LLP | 11 Sep 2025 | Service list · 11 Sep 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal (as administrative agent of the Banking Syndicate) · in 279 casesAdministrative agent of the Banking Syndicate credit facility — Preliminary/estimated debt; no admission of claim amount. — debtor: Group Atallah Inc. · as of 29 Aug 2025 | $135M | List of Known Creditors as at August 29, 2025 |
4 transactions · 2 approved · 1 not completed · 1 closed — Sale of the business closed following Court approval of the Sale Approval Judgment; Monitor now preparing final distribution and termination.Eighth Report of the Monitor · 9 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 9549-0348 Québec Inc.the assets described and defined in the Purchase Agreement as well as in Schedule "B" hereto (the "Purchased Assets") and assigning to the Purchaser the agreements listed in Schedule "C" hereto (the "Assigned Agreements"), as well as the real property leases listed in Schedule "D" hereto (the "Assigned Real Property Leases") · asset sale · agreement 10 Jan 2026 | Subscribers | Approved10 Jan 2026 | Application for the Issuance of an Approval and… |
| Cettire Limitedthe Debtors' business and/or assets pursuant to a Binding Offer · asset sale | Subscribers | Not completed | Fourth Report of the Monitor |
| Purchaser Groupthe Debtors' business and/or assets pursuant to the APA · asset sale | Subscribers | Approved | Fourth Report of the Monitor |
| referred to only as 'the Purchaser'; named in the underlying Sale Approval Judgment/Purchase Agreement not reproduced herethe Transaction · asset sale | not stated | Closed13 Feb 2026outside 13 Feb 2026 | Eighth Report of the Monitor |
Secured creditors: no distribution. Lending Syndicate a distribution.Second Distribution Order · 11 Sep 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | any other secured or unsecured creditors of the Debtors | — | no distribution | per the monitor | Second Distribution Order · 11 Sep 2026 |
| Secured | Lending Syndicate | — | a distributioninterim | Finalper the monitor | Eighth Report of the Monitor · 9 Sep 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cumulative receipts
$191
As at 7 May 2026Seventh Report of the Monitor
| Date | Document | File |
|---|---|---|
Second Distribution Order
| PDF · Subscribers | |
Stay Extension Order, extending the stay of proceedings to November 13, 2026
| PDF · Subscribers | |
Eighth Report of the Monitor
| PDF · Subscribers | |
Application for the Issuance of a Second Distribution Order and a Stay Extension Order to November 13th, 2026
| PDF · Subscribers | |
Minutes to May 11th, 2026 Hearing and Stay Extension Order
| PDF · Subscribers | |
Application for the Issuance of a Stay Extension Order, extending the Stay of Proceedings to September 11th, 2026
| PDF · Subscribers | |
Seventh Report of the Monitor
| PDF · Subscribers | |
Distribution Order
| PDF · Subscribers | |
Sixth Report of the Monitor
| PDF · Subscribers | |
Application for the Issuance of a Distribution Order
| PDF · Subscribers | |
Second Amended and Restated Initial Order
| PDF · Subscribers | |
Stay Extension Order, extending the stay of proceedings to May 15, 2026
| PDF · Subscribers | |
Fifth Report of the Monitor
| PDF · Subscribers | |
| Application for the Issuance of a Stay Extension Order, extending the Stay of Proceedings to May 15, 2026 | PDF · Subscribers | |
Approval and Vesting Order (Sale Approval)
| PDF · Subscribers | |
Judgment (On an Application for the Issuance of an Approval and Vesting Order, an Application for Confirmation that Certain Applicants are Phase 2 Qualified Bidders, and on an Application for Issuance of a Liquidation Sale Approval Order)
| PDF · Subscribers | |
| Order Cancelling and Discharging Security Registrations (in French) | PDF · Subscribers | |
Fourth Report of the Monitor
| PDF · Subscribers | |
Application for the Issuance of an Approval and Vesting Order
| PDF · Subscribers | |
| Book of Exhibits | PDF · Subscribers | |
| Minutes (continuation of December 18, 2025 Hearing) and Judgment - de bene esse Application for Leave to Appeal from a Judgment Terminating a Proceeding or a decision made under the CCAA on November 18, 2025 (Dematic) | PDF · Subscribers | |
| Minutes of December 18, 2025 Hearing - de bene esse Application for Leave to Appeal from a Judgment Terminating a Proceeding or a decision made under the CCAA on November 18, 2025 (Dematic) | PDF · Subscribers | |
| Minutes of the December 12, 2025 Hearing (in french) | PDF · Subscribers | |
Stay Extension Order to February 19, 2026
| PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
Stay Extension Order to December 12, 2025
| PDF · Subscribers | |
| Application for the Issuance of a Stay Extension Order to January 30, 2026 | PDF · Subscribers | |
Revised Extension of Phase 2 Bid Deadline
| PDF · Subscribers | |
Application of the Royal Bank of Canada for declaratory judgment, rent payment of leased equipment and, subsidiarily, for compensation
| PDF · Subscribers | |
Extension of Phase 2 Bid Deadline
| PDF · Subscribers | |
Judgment (on Application to Homologate a Transaction) (Re: Dematic Ltd.)
| PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
| Application for the Homologation of a Transaction | PDF · Subscribers | |
Amended and Restated Initial Order, extending the Stay of Proceedings until and including December 5, 2025
| PDF · Subscribers | |
Rectified First Report of the Monitor
| PDF · Subscribers | |
Stay Extension Order, extending the Stay Period up to and including September 26, 2025
| PDF · Subscribers | |
List of Known Creditors as at August 29, 2025
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
| Minutes of the September 15, 2025 Hearing, and Reasons | PDF · Subscribers | |
Initial Order with Stay of Proceedings to September 22, 2025
| PDF · Subscribers | |
Report of the Proposed Monitor
| PDF · Subscribers | |
Sale and Investment Solicitation Process Order (SISP)
| PDF · Subscribers | |
Application for the Issuance of a First Day Initial Order, an Amended and Restated Initial Order and a SISP Order
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Second Amended and Restated Interim Order (in french)
| PDF · Subscribers | |
Interim Order (in french)
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Ssense” (CCAA), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/ssense
Sources last checked · summary updated 5 August 2026 · Report a correction · Printed from proceedings.ca/case/ssense
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.