SRTX Inc., the Montreal-based parent of rip-resistant tights brand Sheertex, announced on May 13, 2025 that it had reached the first close of a US$40 million equity fundraising round led by its largest existing shareholders: BDC Capital, Export Development Canada, H&M Group and Investissement Québec. The financing is structured on a pay-to-play basis, meaning existing investors who failed to commit their full pro rata allocation faced approximately ninety percent dilution of their prior holdings. The deal materially reset SRTX's valuation downward from its 2022 round, addressing acute near-term working-capital and liquidity pressures the company had been navigating, including temporary layoffs earlier in 2025 and exposure to potential United States tariff measures on cross-border shipments. Proceeds are earmarked to scale SRTX's vertically integrated 300,000-square-foot manufacturing facility in Pointe-Claire, Quebec, where ultra-high-molecular-weight polyethylene powder is converted into finished tights under one roof, and to roughly double production capacity in 2025 as the company drives toward operating profitability by year-end.