CHAR Technologies Announces Repricing of Previously Announced Private Placement and Fully Subscribed book

Executive Summary

• CHAR Technologies announced a repricing of its non‑brokered private placement to up to 4,550,000 units at CDN $0.22 per unit, targeting gross proceeds of approximately CDN $1 million.
• The offering remains fully subscribed with institutional investors and is expected to close by the week of December 22, 2025, subject to customary closing conditions and TSX Venture Exchange approval.
• Proceeds will be used for general working capital, ongoing project development, and capital advisory/investor‑relations services.

Key Details

• Offering Size & Price: Up to 4,550,000 units at CDN $0.22 per unit (≈ CDN $1 million gross proceeds).
• Unit Composition: Each unit = 1 common share + 1 non‑transferable warrant; each warrant exercisable for one common share at CDN $0.32 within 24 months of closing.
• Repricing Rationale: Positive market response to a recent CAD $2.25 million government grant announced on December 10, 2025.
• Subscription Status: Fully subscribed with institutional investor representation.
• Closing Timeline: Expected by or around the end of the week of December 22, 2025; may be later pending approvals.
• Use of Proceeds: General working capital, support for ongoing project development pipeline, and funding for capital advisory & investor‑relations services.
• Finder Compensation: Company may pay cash commissions up to 6% of gross proceeds to eligible finders.
• Regulatory Notes: Offering made under OSC Rule 72‑503 (distributions outside Canada); not a related‑party transaction; subject to TSX Venture Exchange conditional acceptance.

Notable Quotes

• “The positive market response to our recent government grant underscores investor confidence in CHAR’s technology and growth trajectory, allowing us to successfully reprice and fully subscribe this private placement.” – Andrew White, Chief Executive Officer, CHAR Technologies Ltd.