Wiser Solutions, Inc. and four affiliated debtors are executing a court-approved Section 363 sale of substantially all assets to CL Mateo-A, LLC, with the sale orderDkt. 182 entered June 23, 2026 and an outside closing date of June 30, 2026. The order authorizes a $90 million credit bid of DIP and prepetition obligations plus assumed liabilities, conveying the assets free and clear of liens.
The Wiser group—retail-intelligence software company Wiser Solutions together with Brand Protection Agency, Blosm, RW3 Technologies, and Shelvspace—filed voluntary Chapter 11 petitions in the Northern District of Texas on April 26, 2026 Voluntary PetitionDkt. 1, and the cases were jointly administered and designated complex the following day. The first-day declaration of CRO Donald HarerDkt. 22 traces the distress to an acquisition-driven growth strategy—eleven deals since 2013—that produced unsustainable leverage and nine payroll delinquencies between December 2023 and December 2024, culminating in a $15 million judgment entered in February 2026 on an unpaid bridge loan that created an imminent risk of asset seizure. The declaration reports roughly $563 million in total funded debt and preferred-equity obligations, anchored by a $250.6 million first-lien Crestline Senior Secured Facility, a $108.6 million subordinated Figtree Global Note, $34.8 million in unsecured bridge loans, and approximately $150.4 million in preferred share obligations.
From the outset the Debtors pursued an expedited sale rather than a standalone reorganization, with prepetition secured lender Crestline serving as stalking horse bidder and a $34.2 million Crestline , funded partly by $11.4 million of new money, financing the process and use of cash collateral through a series of interim and final financing hearings. Bidding procedures and a June auction led to the approved sale.
With the transaction approved and the professional bench—Hogan Lovells as counsel, Thompson Coburn as local counsel, SSG Advisors as investment banker, and Paladin Management Group supplying the co-CROs—cleared through unopposed certificates of no objectionDkt. 184, the remaining waypoints are an omnibus hearing calendarDkt. 181 on July 20 and August 24, 2026, the latter coinciding with the Chapter 11 plan and disclosure statement deadline.
