TORONTO, ON CANADA / April 17, 2026 / Darwynn Ltd. (“Darwynn” or the “Company”) today announced that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has granted an order (the “SISP Order”) in the Companies’ Creditors Arrangement Act proceedings, which, among other things: (a) approved a sale and investment solicitation process (the “SISP”); and (b) approved a “Stalking Horse Bid” from the Company’s largest shareholder, 2379338 Ontario Inc. (“237 Ontario”).
The SISP intends to solicit interest in a sale of the Company’s property or investment in the Company’s business on an “as is, where is” basis. The SISP is a two-phase process and will be conducted by Ernst & Young Inc. in its capacity as Court-appointed Monitor of the Company.
A copy of the SISP, the SISP Order and more information related to the CCAA Proceedings can be obtained on the Monitor’s website at: www.ey.com/ca/darwynn
Reza Bafandeh, Founder and CEO of Darwynn, stated, “I am pleased that a Stalking Horse Bid has been finalized, providing certainty for the Company and its stakeholders that the business will continue after the restructuring process is complete. For me, relationships are personal. Organizationally, we see everyone – customers, vendors, employees, and partners – as one team, one continuous chain. We have kept an open dialogue with our partners throughout this process, and the steadfast support of our customers has been foundational to the trust we’ve built. This milestone isn’t just about Darwynn, it’s about honouring that chain and moving forward together.”
“The SISP represents a positive step for Darwynn to undertake a transaction that will allow it to emerge from the CCAA proceedings as a stronger company. Court approval of the SISP provides a clear, Court-supervised path forward while operations continue without interruption. Orders are shipping on schedule, new customers are onboarding steadily, and the business is showing continued growth in volume and partnerships. Darwynn remains fully committed to service excellence, operational stability, and supporting its partners every step of the way.”
About Darwynn Ltd.
Darwynn is a technology-driven fulfillment provider offering integrated logistics solutions across North America. Headquartered in Scarborough, Ontario, Darwynn combines proprietary tools with hands-on service to deliver fast, reliable warehousing, inventory management, returns processing, and delivery.
Media Contact:
Reza Bafandeh, CEO, Darwynn Ltd.
Learn More:
Darwynn Secures $2 Million Financing to Strengthen North American Fulfillment Operations
