MONTRÉAL , Oct. 29, 2025 /PRNewswire/ - SRTX Inc. ("SRTX" or the "Company"), the Canadian materials innovator behind Sheertex®, today announced the launch of a strategic review aimed at identifying the best path forward for the Company and its stakeholders.
The process will explore a range of options to strengthen the business and support its long-term potential, including a possible sale, recapitalization, or reorganization.
As part of this review, SRTX will temporarily reduce the size of its workforce to align with current operational needs. The Company remains hopeful that affected employees will be recalled following the completion of the review.
In conjunction with this announcement, Sophie Boulanger has stepped down as Chief Executive Officer. The Board thanks Ms. Boulanger for her leadership and contributions during this important chapter and has begun the process of identifying a new CEO.
The Company has retained PricewaterhouseCoopers Corporate Finance as financial advisor to assist with the review.
About SRTX
SRTX, a Certified B Corporation (B Corp), is best known for its first technology, the patent-pending Sheertex® Rip-Resist knit, made from one of the world's strongest polymers, which has revolutionized hosiery through impossibly strong tights. SRTX's mission is to advance the durability and sustainability of apparel products by building new materials and software that enable better, more sustainable textiles. Visit https://www.srtxlabs.com.
SOURCE SRTX Inc.
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