Graphene Manufacturing closes $6.9-million offering

Executive Summary

• Graphene Manufacturing Group Ltd. has closed its previously announced bought deal public offering, raising gross proceeds of C$6.9 million, including the full exercise of the overallotment option.
• The company sold 7,666,667 units at a price of 90 cents per unit, with Red Cloud Securities Inc. acting as the sole underwriter and bookrunner.
• Net proceeds will be utilized to finance continuing operations, specifically for commercial development, product development, and working capital.

Key Details

• Gross Proceeds: C$6.9 million.
• Units Sold: 7,666,667 units.
• Price Per Unit: 90 cents.
• Underwriter: Red Cloud Securities Inc. (Sole underwriter and bookrunner).
• Overallotment: The offering includes the full exercise of the overallotment option.
• Warrant Terms (Investors): Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of $1.35. The warrants expire on Sept. 3, 2028.
• Underwriter Compensation: Red Cloud received a cash commission of $483,000.02 and was issued 536,666 non-transferable warrants.
• Broker Warrant Terms: Each broker warrant entitles the holder to purchase one common share at an exercise price of 90 cents, expiring on Sept. 3, 2028.
• Use of Proceeds: Financing continuing operations, including commercial development, product development, and working capital.
• Regulatory Filings: Completed pursuant to a prospectus supplement dated Aug. 21, 2025, supplementing the final short-form base shelf prospectus dated March 7, 2025.
• Exchange Approval: The offering remains subject to the final approval of the TSX Venture Exchange.