ALUULA Provides Update on Warrant Exercise for Proceeds of $987K and Expansion of Investor Outreach

Executive Summary

• ALUULA Composites Inc. announced the exercise of 99.6% of its repriced share purchase warrants, raising gross proceeds of $987,372.18.
• The exercise resulted in the issuance of 1,218,978 common shares, with each warrant exercisable into one share at a price of $0.81 per share.
• Proceeds will be utilized for general working capital to support strategic growth initiatives, including diversifying sales pipelines, expanding manufacturing capabilities, and continuing product research and development.

Key Details

• Warrant Exercise Volume: 24,379,560 of 24,489,953 repriced share purchase warrants were exercised prior to their expiry on September 4, 2025.
• Gross Proceeds: $987,372.18.
• Exercise Price: $0.81 per share.
• Conversion Ratio: 20 warrants exercisable into one common share.
• Shares Issued: 1,218,978 new common shares.
• Use of Proceeds: General working capital, diversifying sales pipelines, expanding manufacturing capabilities, and continuing product research and development.
• Context: This follows previous announcements on June 17, July 14, and August 5, 2025, regarding the repricing, extension, and 30-day accelerated expiry of the warrants in accordance with TSX Venture Exchange policies.
• Upcoming Events: CEO and President Sage Berryman will speak at the Smallcap Discoveries Conference (Vancouver, BC, Sept 29-30, 2025) and Planet MicroCap Toronto (Toronto, Ont, Oct 21-23, 2025).

Notable Quotes

• "The warrant exercise reflects the confidence that investors have in ALUULA's strategy. We look forward to building on this momentum by engaging directly with the investment community at upcoming conferences," said Sage Berryman, CEO and President.