Financings
Algernon Announces Increase to Private Placement Financing to $750,000 and Close of Third Tranche

AGN · Price
Executive Summary
- Algernon Health Inc. closed the third tranche of its non‑brokered private placement, raising CAD $352,500 (5,035,714 units at $0.07 per unit).
- The total financing to date now equals CAD $739,500 from 10,564,286 units across three tranches.
- Proceeds will be used to advance the company’s Alzheimer’s Disease program, open its first U.S. AD clinic, cover G&A expenses and provide working capital.
Key Details
- Financing Structure: Non‑brokered private placement consisting of three tranches (first & second closed Nov 14 & Nov 28 2025; third closed Dec 23 2025).
- Third Tranche Size: CAD $352,500 gross proceeds.
- Units Sold in Third Tranche: 5,035,714 units at CAD $0.07 per unit.
- Total Units Issued to Date: 10,564,286 units.
- Aggregate Proceeds to Date: CAD $739,500.
- Finder’s Fees: No cash finder’s fees were paid for the third tranche.
- Use of Proceeds:
- Advancement of Alzheimer’s Disease (“AD”) program, including opening the first U.S. AD clinic.
- General and administrative expenses.
- Working capital.
- Statutory Hold Period: Securities subject to a four‑month plus one day hold period under Canadian securities law.
- U.S. Offering Restrictions: Units not registered in the United States; cannot be offered or sold to U.S. persons absent an exemption.
Notable Quotes
(No direct quotes were included in the release.)
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