ALUULA Announces LIFE Offering

Executive Summary

• ALUULA Composites Inc. announced a best‑efforts brokered private placement to raise C$10,002,300 by issuing 3,031,000 units at C$3.30 per unit.
• Each unit consists of one common share and half of a warrant allowing purchase of an additional share at C$4.29 for up to 24 months after closing; warrants may be accelerated if the TSXV price reaches C$8.25 for 30 consecutive days.
• The net proceeds are earmarked for expanding manufacturing capacity (new facility) and for general administrative and working‑capital purposes, with the offering expected to close around February 24, 2026.

Key Details

• Offering Size: Aggregate gross proceeds of C$10,002,300.
• Units Offered: 3,031,000 units at C$3.30 per unit.
• Unit Composition: 1 common share + ½ warrant (each whole warrant = right to purchase 1 common share at C$4.29).
• Warrant Terms: Exercise price C$4.29; exercisable any time up to 24 months after closing; may be accelerated if TSXV VWAP ≥ C$8.25 for 30 consecutive trading days. Warrants are non‑transferable.
• Agent & Bookrunner: Canaccord Genuity Corp., acting on a best‑efforts basis.
• Over‑Allotment (Green‑Shooter) Option: Agent may purchase up to an additional 15 % of the units sold at the offering price, exercisable up to 48 hours before closing; same commission and warrant terms apply.
• Use of Proceeds: Expansion of manufacturing capacity via construction of a new facility; general administrative expenses and working capital.
• Closing Date: Expected on or about February 24, 2026, or within 45 days of the release at the company’s discretion.
• Regulatory Exemptions: Offered under NI 45‑106 listed issuer financing exemption in Canada; U.S. investors may participate via Rule 506(b) of Regulation D (qualified institutional buyers and accredited investors).
• Finder: Genthod Global Advisory SA engaged as finder for the offering.

Notable Quotes

(No direct quotes were provided in the release.)