SRTX founder Katherine Homuth says she has submitted a bid to rejoin the company she departed in March as it undertakes a strategic review process that could result in a sale.

The Sheertex tights maker said in a release today that it’s exploring a “range of options” for its future, including a sale, recapitalization, or reorganization. The company said its new CEO, Sophie Boulanger, who joined in September , is also stepping down.

“Ultimately, my goal hasn’t changed since the day I started.”

SRTX said it would also “temporarily reduce the size of its workforce to align with current operational needs.” The new reduction comes after temporary layoffs earlier this year were made permanent for 92 employees. BetaKit has reached out to SRTX for details on Boulanger’s departure and the workfor

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