ALUULA Announces Upsized C$12 Million LIFE Offering

Executive Summary

• ALUULA Composites Inc. announced a brokered private placement offering expected to raise aggregate gross proceeds of C$12,002,100.
• The offering consists of 3,637,000 units priced at C$3.30 per unit, with each unit comprising one common share and half of a common share purchase warrant.
• Net proceeds will be utilized to expand manufacturing capacity through the construction of a new facility and for general administrative and working capital purposes, with an expected closing date around February 24, 2026.

Key Details

• Gross Proceeds: C$12,002,100
• Units Offered: 3,637,000 units at C$3.30 per unit
• Unit Structure: Each unit consists of one common share and half of one common share purchase warrant (each whole warrant, a "Warrant")
• Warrant Exercise Price: C$4.29 per common share
• Warrant Expiry: 24 months after the closing date of the Offering
• Warrant Acceleration Clause: Company may accelerate expiry if common shares trade on the TSXV (or other Canadian exchange) at a VWAP of C$8.25 or more for 30 consecutive trading days
• Warrant Transferability: Non-transferable
• Agent/Bookrunner: Canaccord Genuity Corp.
• Agent's Option: Option to purchase up to 17.5% additional units at C$3.30 per unit, exercisable up to 48 hours prior to closing
• Regulatory Exemptions: Listed issuer financing exemption under NI 45-106 (Part 5A) and Coordinated Blanket Order 45-935; no resale restrictions for Canadian residents; US offering via Rule 506(b) Regulation D
• Use of Proceeds: Expansion of manufacturing capacity via a new facility and general administrative/working capital
• Expected Closing Date: On or about February 24, 2026 (within 45 days of release)
• Finder: Genthod Global Advisory SA engaged in connection with the offering
• Offering Document: Available on SEDAR+ and the company website prior to investment decisions