#Claims
Notice of bankruptcy and first meeting of creditors (9561-3261 Quebec Inc.) — Notice to creditors
SRTX Inc., Sheertex Inc., SRTX Software Holdings ULC and Octagon Performance Materials Inc.
FollowActive
- Proceeding
- NOISections 65.13 and 183 of the Bankruptcy and Insolvency Act, RSC 1985, c B-3
- File
- 500-11-
Filings held5
Last activity5 Mar 2026
On the record216 days
Secured debt$46.5M
OverviewSummary updated
SRTX Inc., Sheertex Inc., SRTX Software Holdings ULC and Octagon Performance Materials Inc. filed a Notice of Intention to make a proposal under section 50.4 of the Bankruptcy and Insolvency Act in the Superior Court of Québec on February 17, 2026. As at October 31, 2025, the consolidated Debtors reported total assets of US$129,370,000 against total liabilities of US$166,386,000. Export Development Canada is the principal secured creditor, holding a three-tranche facility with US$46,462,000 outstanding as of the filing date; Royal Bank of Canada's prior operating facility was repaid in full, leaving RBC secured only by US$327,000 in cash collateral and related letter-of-credit exposure. Unsecured claims include US$2,583,333 owed to Katherine Hague.
Proceedings AIAsk this case — answers cite the filings
Case updates6 dated entries
#Sale
The court granted an approval and vesting order for the sale to A.Y.K. International Inc. Closing terms, as extracted: Closing occurs upon issuance of the NOI Trustee's Certificate, at which point the Closing Sequence steps take place, including payment of the Closing Payment, transfer of Excluded Assets/Liabilities to ResidualCo, cancellation of Existing Equity, issuance of Subscribed Shares to the Purchaser, and resignation of directors/officers in favour of Purchaser nominees. Sealed: Subscription Agreement (unredacted copy, Exhibit P-2A), Appendices to the NOI Trustee's Supplemental Report (Exhibit P-4B).
Source: Judgment including Approval and Reverse Vesting Order
#Sale
The court granted a reverse vesting order. Court file 500-11-.
Source: Application for the issuance of an approval and reverse vesting order, and other ancillary relief
#Report
On February 17, 2026, SRTX Inc., Sheertex Inc., SRTX Software Holdings ULC and Octagon Performance Materials Inc. filed a Notice of Intention to make a proposal under BIA s. 50.4.
Source: First report of the Trustee on the business and financial affairs of the Debtors
#Filing
SRTX Inc., Sheertex Inc., SRTX Software Holdings ULC and Octagon Performance Materials Inc. — NOI filed, Québec.
Parties
Debtor
SRTX Inc., Sheertex Inc., SRTX Software Holdings ULC and Octagon Performance Materials Inc.
Proposal trustee
PwC
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Export Development Canada · in 99 casesas of NOI filing date — CAD equivalent per list: $63,559,105 — debtor: SRTX Software Holdings ULC | $46.5M USD | Notices of filing of intention to make a proposal |
| 4 | Secured | Royal Bank of Canada · in 556 casesas of NOI filing date — CAD equivalent per list: $378,755 — debtor: Octagon Performance Materials Inc. | $277K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Katherine Hagueas of NOI filing date — CAD equivalent $3,533,972; relationship to debtor not stated — debtor: SRTX Inc. | $2.58M USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | LA CIE ELECTRIQUE BRITTON LTEE · in 3 casesas of NOI filing date — debtor: Sheertex Inc. | $482K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Intersection Media, LLCas of NOI filing date — debtor: Sheertex Inc. | $186K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | JIANGSU SAINTY GLORIOUS TRADE CO.as of NOI filing date — debtor: Octagon Performance Materials Inc. | $145K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | 9431-8540 QUEBEC INC. (Alcovi Capital)as of NOI filing date — debtor: Sheertex Inc. | $105K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Planful, Inc.as of NOI filing date — debtor: Sheertex Inc. | $62.6K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Investissement Quebec · in 19 casesas of NOI filing date — debtor: Sheertex Inc. | $60K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Egon Zehnder International Inc.as of NOI filing date — debtor: Sheertex Inc. | $58.6K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Groz-Beckertas of NOI filing date — debtor: Sheertex Inc. | $53.7K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Deloitte LLP · in 30 casesas of NOI filing date — debtor: Sheertex Inc. | $51.3K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Finecomas of NOI filing date — debtor: Sheertex Inc. | $47.2K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | RED OAK SALES COMPANY, INC.as of NOI filing date — debtor: Sheertex Inc. | $41K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | EZ POP Displaysas of NOI filing date — debtor: Sheertex Inc. | $38.7K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Altus Group Limited · in 6 casesas of NOI filing date — debtor: Sheertex Inc. | $32.1K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Greenberg Traurig, LLP · in 4 casesas of NOI filing date — debtor: Sheertex Inc. | $31.2K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Red Antler, LLCas of NOI filing date — debtor: Sheertex Inc. | $30.8K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | EXPEED World Transport LTDas of NOI filing date — debtor: Octagon Performance Materials Inc. | $27.7K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | The Empire Life Insurance Company · in 2 casesas of NOI filing date — debtor: Sheertex Inc. | $27.6K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Pilothouse Digital Ltd.as of NOI filing date — debtor: Sheertex Inc. | $26.5K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | HI BOB (CANADA) INCas of NOI filing date — debtor: Sheertex Inc. | $23.3K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Unifi Yarnas of NOI filing date — debtor: Sheertex Inc. | $23.2K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Atlas Copco Compressors Canada (formerly ENTERPRISES LARRY COMPRESSEURS) · in 11 casesas of NOI filing date — debtor: Sheertex Inc. | $22.6K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Global Industrial · in 2 casesas of NOI filing date — debtor: Sheertex Inc. | $18.4K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | SS & C INTRALINKS INCas of NOI filing date — debtor: Sheertex Inc. | $17.6K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | LinkedIn Corporation · in 6 casesas of NOI filing date — debtor: Sheertex Inc. | $17.3K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | MARATEKas of NOI filing date — debtor: Sheertex Inc. | $16.3K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | ACIER INOXYDABLE FAFARD INC.as of NOI filing date — debtor: Sheertex Inc. | $15.7K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | LEESONAas of NOI filing date — debtor: Sheertex Inc. | $15.7K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Rakuten Marketing LLC · in 6 casesas of NOI filing date — debtor: Sheertex Inc. | $15.1K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Falcon.io US, Inc.as of NOI filing date — debtor: Sheertex Inc. | $14.5K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Hydro Quebec · in 34 casesas of NOI filing date — debtor: Sheertex Inc. | $13.4K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Breadhouse LLC d/b/a Wild Fruitas of NOI filing date — debtor: Sheertex Inc. | $12.8K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | AIR CLEAR LLCas of NOI filing date — debtor: Sheertex Inc. | $12.3K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | GPTW CANADA CONSULTING LTD. · in 2 casesas of NOI filing date — debtor: Sheertex Inc. | $11.5K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | B Lab US & Canada LLCas of NOI filing date — debtor: Sheertex Inc. | $11.4K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | walmart · in 7 casesas of NOI filing date — debtor: Sheertex Inc. | $11.4K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | DREXLER MEDIA LLC DBA INFINITY CREATIVE AGENCYas of NOI filing date — debtor: Sheertex Inc. | $11K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Siena Labs Inc. · in 2 casesas of NOI filing date — debtor: Sheertex Inc. | $9.82K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Services Conseils PG SST incas of NOI filing date — debtor: Sheertex Inc. | $9.24K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Seed IPas of NOI filing date — debtor: Sheertex Inc. | $9.09K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Greenhouse Software, Inc.as of NOI filing date — debtor: Sheertex Inc. | $9K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Kallidus Inc.as of NOI filing date — debtor: Sheertex Inc. | $8.63K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | CENTRE DE LOCATION GM INC. · in 7 casesas of NOI filing date — debtor: Sheertex Inc. | $8.48K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | RESEAU DE TRANSPORT METROPOLITAIN · in 2 casesas of NOI filing date — debtor: Sheertex Inc. | $8.06K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Sigma-Aldrich/Millipore Sigmaas of NOI filing date — debtor: Sheertex Inc. | $7.14K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Jan-Pro Canada Est · in 3 casesas of NOI filing date — debtor: Sheertex Inc. | $6.64K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | EPM Pros Inc. (Bakerfield Solutions)as of NOI filing date — debtor: Sheertex Inc. | $6.5K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Tri-Tex co Inc. · in 2 casesas of NOI filing date — debtor: Sheertex Inc. | $5.57K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | WESCO DISTRIBUTION CANADA LP · in 16 casesas of NOI filing date — listed as 'hold payment' — debtor: Sheertex Inc. | $5.54K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Symtech Inc.as of NOI filing date — debtor: Sheertex Inc. | $5.38K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Blackline Safety Corp.as of NOI filing date — debtor: Sheertex Inc. | $5.26K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Environmental Remediation Equipment Inc.as of NOI filing date — debtor: Sheertex Inc. | $5.17K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Location Bench & Table Rents Inc.as of NOI filing date — debtor: Sheertex Inc. | $4.63K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | QVC, Inc. · in 2 casesas of NOI filing date — debtor: Sheertex Inc. | $4.51K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Flint Packaging · in 2 casesas of NOI filing date — debtor: Sheertex Inc. | $4.42K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Henderson Machinery Inc.as of NOI filing date — debtor: Sheertex Inc. | $4.29K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Deloitte LLP · in 30 casesas of NOI filing date — debtor: Octagon Performance Materials Inc. | $3.95K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | J&J Can Am Mailing Servicesas of NOI filing date — debtor: Sheertex Inc. | $3.54K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Synergie Canada Inc. · in 4 casesas of NOI filing date — debtor: Sheertex Inc. | $3.4K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | MorOil Technologiesas of NOI filing date — debtor: Sheertex Inc. | $3.12K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Total Customs Services Inc. · in 3 casesas of NOI filing date — debtor: Sheertex Inc. | $3.01K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Federal Express Canada Corportationas of NOI filing date — debtor: Sheertex Inc. | $2.94K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Ginetexas of NOI filing date — debtor: Sheertex Inc. | $2.93K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Everstoxas of NOI filing date — debtor: Sheertex Inc. | $2.91K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | MultiVacas of NOI filing date — debtor: Sheertex Inc. | $2.72K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Santoni S.p.A.as of NOI filing date — debtor: Sheertex Inc. | $2.67K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Itema America, Inc.as of NOI filing date — debtor: Sheertex Inc. | $2.46K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Groupe A & Gas of NOI filing date — debtor: Sheertex Inc. | $2.21K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | CONKLE KREMER and ENGELas of NOI filing date — debtor: Sheertex Inc. | $2.06K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | SPS Commerce, Inc. · in 3 casesas of NOI filing date — debtor: Sheertex Inc. | $2.05K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Mettle Filtration Products LLCas of NOI filing date — debtor: Sheertex Inc. | $2.05K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Proactive Specialized Logistics Inc.as of NOI filing date — debtor: Sheertex Inc. | $1.73K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | SADA Systems, Incas of NOI filing date — debtor: Sheertex Inc. | $1.55K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Trustpilot Inc.as of NOI filing date — debtor: Sheertex Inc. | $1.43K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | EQUIPEMENTS MRGas of NOI filing date — debtor: Sheertex Inc. | $1.42K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Services de Securite ADT Canada Inc.as of NOI filing date — debtor: Sheertex Inc. | $1.37K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | LOCATION DICKIE MOORE · in 9 casesas of NOI filing date — debtor: Sheertex Inc. | $1.32K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | CLORTECHas of NOI filing date — debtor: Sheertex Inc. | $1.15K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Fibrenoire Inc. · in 7 casesas of NOI filing date — debtor: Sheertex Inc. | $1.14K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | InterPropaneas of NOI filing date — debtor: Sheertex Inc. | $1.11K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Export Development Canada · in 99 casesas of NOI filing date — Separate unsecured claim; EDC also holds a secured claim against this debtor (see secured_creditors) — debtor: Sheertex Inc. | $1.1K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Robocutsas of NOI filing date — debtor: Sheertex Inc. | $1.03K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | ACE Laboratoriesas of NOI filing date — debtor: Sheertex Inc. | $1.01K USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Bereskin & Parr · in 8 casesas of NOI filing date — debtor: Sheertex Inc. | $965 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Workhub Software Corp. · in 3 casesas of NOI filing date — debtor: Sheertex Inc. | $921 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Bell Canada · in 298 casesas of NOI filing date — debtor: Sheertex Inc. | $835 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | AESL Instrumentation Incas of NOI filing date — debtor: Sheertex Inc. | $730 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | THOMPSON HINE LLP · in 3 casesas of NOI filing date — debtor: Sheertex Inc. | $700 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | FLIGHT CENTRE TRAVEL GROUP (CANADA) INCas of NOI filing date — debtor: Sheertex Inc. | $666 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | nox energyas of NOI filing date — debtor: Sheertex Inc. | $656 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Mattel Inc · in 2 casesas of NOI filing date — debtor: Sheertex Inc. | $651 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Linde Canada inc · in 20 casesas of NOI filing date — debtor: Sheertex Inc. | $644 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | VendNovation, LLCas of NOI filing date — debtor: Sheertex Inc. | $620 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | McMaster-Carr · in 31 casesas of NOI filing date — debtor: Sheertex Inc. | $596 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | CINTAS CANADA LIMITED · in 87 casesas of NOI filing date — debtor: Sheertex Inc. | $584 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | UNITED RENTALS OF CANADA, INC. · in 10 casesas of NOI filing date — debtor: Sheertex Inc. | $584 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | ALDO ZUGLIANIas of NOI filing date — debtor: Sheertex Inc. | $479 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Amazon.com.ca Inc. · in 4 casesas of NOI filing date — debtor: Sheertex Inc. | $464 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Commerce Technologies, LLC (CommerceHub) · in 3 casesas of NOI filing date — debtor: Sheertex Inc. | $390 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | ReB Impianti srlas of NOI filing date — debtor: Sheertex Inc. | $363 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | IBS TUBOQUIPas of NOI filing date — debtor: Sheertex Inc. | $249 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | DECORTEX SNCas of NOI filing date — debtor: Sheertex Inc. | $239 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | 9133-3740 QUEBEC INC (Digipresse)as of NOI filing date — debtor: Sheertex Inc. | $132 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | ÉCHAFAUDAGES FAST (MONTRÉAL) INC.as of NOI filing date — debtor: Sheertex Inc. | $35 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | 12171911 Canada Inc. (Jackie's Entreprise inc.)as of NOI filing date — debtor: Sheertex Inc. | $24 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | CHEP Canada · in 13 casesas of NOI filing date — debtor: Sheertex Inc. | $16 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | CBSA (Canadian Border Services Agency) · in 8 casesas of NOI filing date — customs claim — debtor: Sheertex Inc. | $7 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Revenu Québec · in 37 casesas of NOI filing date — Deemed-trust class (CRA/RQ); nominal $1 as listed — debtor: Octagon Performance Materials Inc. | $1 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Agence du Revenu du Canada · in 719 casesas of NOI filing date — Deemed-trust class (CRA/RQ); nominal $1 as listed — debtor: Octagon Performance Materials Inc. | $1 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Énergir · in 30 casesas of NOI filing date — debtor: Sheertex Inc. | $1 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Vidéotron · in 6 casesas of NOI filing date — debtor: Sheertex Inc. | $1 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Avalara · in 5 casesas of NOI filing date — debtor: Sheertex Inc. | $1 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Waste management · in 60 casesas of NOI filing date — debtor: Sheertex Inc. | $1 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Shippoas of NOI filing date — debtor: Sheertex Inc. | $1 USD | Notices of filing of intention to make a proposal |
| 8 | Unsecured | Canada Post · in 32 casesas of NOI filing date — debtor: Sheertex Inc. | $1 USD | Notices of filing of intention to make a proposal |
Sale processAs stated in the filings
Sale approved — The AYK Transaction, implemented via subscription agreement and RVO structure, is approved by the Court.Judgment including Approval and Reverse Vesting Order · 25 Feb 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| A.Y.K. International Inc.the Transactions contemplated by the subscription agreement dated February 16, 2026 ... entered into by and among A.Y.K. International Inc., as investor (the "Purchaser"), and SRTX Inc. ("SRTX"), Sheertex Inc. ("Sheertex"), SRTX Software Holdings ULC ("SRTX Software"), and Octagon Performance Materials Inc. ("OPMI"), as vendors · share subscription · agreement 16 Feb 2026 | SealedPrice/consideration is contained in the sealed Subscription Agreement (Exhibit P-2A); not stated numerically in the order. | Approved25 Feb 2026 | Judgment including Approval and Reverse Vesting… |
AdvisorsPwC Corporate Finance (financial advisor)Judgment including Approval and Reverse Vesting Order
Closing termsClosing occurs upon issuance of the NOI Trustee's Certificate, at which point the Closing Sequence steps take place, including payment of the Closing Payment, transfer of Excluded Assets/Liabilities to ResidualCo, cancellation of Existing Equity, issuance of Subscribed Shares to the Purchaser, and resignation of directors/officers in favour of Purchaser nominees.Judgment including Approval and Reverse Vesting Order
Sealed materialsSubscription Agreement (unredacted copy, Exhibit P-2A); Appendices to the NOI Trustee's Supplemental Report (Exhibit P-4B)Judgment including Approval and Reverse Vesting Order
Estate financialsReported figures — never derived
Total assets at filing$129M USD
Total liabilities at filing$166M USD
As at 31 Oct 2025 · per Internal/unaudited YTD management-prepared balance sheet (in thousands USD); comparative Audited 2023 and Unaudited 2024 columns also shown · Consolidated basis for SRTX Inc. and affiliated Debtor Companies (SRTX & al) — Convertible promissory note of $81,044k USD (included in Long-term Debt) is treated by Management as debt on this statement, though Management believes it should be classified as equity per para 39.
Documents5 filings
| Date | Document | File |
|---|---|---|
| Notice of bankruptcy and first meeting of creditors (9561-3261 Quebec Inc.) | ||
Judgment including Approval and Reverse Vesting Order
| ||
Notices of filing of intention to make a proposal
| ||
Application for the issuance of an approval and reverse vesting order, and other ancillary relief
| ||
First report of the Trustee on the business and financial affairs of the Debtors
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “SRTX Inc., Sheertex Inc., SRTX Software Holdings ULC and Octagon Performance Materials Inc.” (NOI), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/srtx-inc-sheertex-inc-srtx-software-holdings-ulc-and-octagon-performance-materia