CHAR Technologies Announces Repricing of Previously Announced Private Placement and Fully Subscribed book

Core Viewpoint - CHAR Technologies is repricing its non-brokered private placement to raise approximately $CDN 1 million by offering up to 4,550,000 units at a price of $CDN 0.22 per unit, following a positive market response to a government grant of $CDN 2.25 million [2][3] Group 1: Offering Details - The offering consists of units that include one common share and one non-transferable common share purchase warrant, with each warrant exercisable at $CDN 0.32 for 24 months [4] - The offering is fully subscribed with institutional investor representation and is expected to close around December 22, 2025, subject to necessary approvals [3][4] - Proceeds from the offering will be allocated for general working capital, ongoing project development, and capital advisory and investor relations services [5] Group 2: Regulatory and Compliance Information - The units are being offered outside of Canada under an exemption from the prospectus requirement, meaning they will not be subject to resale restrictions [6] - The offering is not classified as a Related Party Transaction and is therefore not subject to specific TSX Venture Exchange policies [6] Group 3: Company Overview - CHAR Technologies utilizes high temperature pyrolysis technology to convert unmerchantable wood and organic waste into renewable energy, including renewable natural gas and green hydrogen, while producing a solid biocarbon for metallurgical applications [8] - The company's technology supports the global transition to green energy by diverting waste from landfills and generating sustainable energy [9]