Aluula arranges $10-million private placement

Executive Summary

• Aluula Composites Inc. announced a best-efforts brokered private placement offering targeting aggregate gross proceeds of $10,002,300.
• The offering consists of 3,031,000 units priced at $3.30 per unit, with each unit comprising one common share and half a common share purchase warrant.
• Net proceeds will be directed toward expanding manufacturing capacity through a new facility and for general administrative and working capital purposes, with an expected closing around February 24, 2026.

Key Details

• Gross Proceeds & Pricing: $10,002,300 total, consisting of 3,031,000 units at $3.30 per unit.
• Agent & Structure: Conducted on a best-efforts basis by Canaccord Genuity Corp. as sole agent and bookrunner.
• Warrant Terms: Each unit includes 0.5 warrant; warrants are exercisable at $4.29 per common share; expire 24 months after closing; non-transferable; subject to acceleration if shares trade at a $8.25+ VWAP for 30 consecutive trading days.
• Over-Allotment Option: Agent granted option to purchase up to 15% additional units at $3.30/unit, exercisable up to 48 hours prior to closing.
• Regulatory Exemptions: Offered under the listed issuer financing exemption (NI 45-106 Part 5A) for Canadian residents (no resale restrictions); US offering structured under Rule 506(b) of Regulation D.
• Use of Proceeds: Expansion of manufacturing capacity via a new facility, plus general administrative and working capital needs.
• Closing Timeline: Expected on or about February 24, 2026, or within 45 days of the release date, subject to standard conditions and TSX-V policy compliance.
• Finder Engagement: Genthod Global Advisory SA engaged as a finder for the offering.
• Offering Documentation: Full offering document available on SEDAR+ and the company’s website. Prospective investors are advised to review it prior to investment.