ALUULA Composites to Recruit CFO and Extends Maturity Date of Existing $1m Loan

Group 1 - ALUULA Composites Inc. is transitioning to a new Chief Financial Officer (CFO) as the current CFO, Dale Graham, will depart on March 31, 2026, while assisting in the transition [1][2][3] - The company is actively recruiting for a new CFO who will play a crucial role in advancing the financial strategy and supporting ongoing growth plans [3] - Dale Graham has been recognized for his contributions since joining in early 2024, helping to stabilize operations and lay a strong foundation for future growth [2] Group 2 - ALUULA has amended the terms of a short-term loan agreement with a related party, extending the maturity date to January 1, 2027, while maintaining the original loan amount of $1,000,000 [4][5] - The loan agreement carries an interest rate of 12% per annum and has undergone several amendments since its inception on December 29, 2023 [4] - The amendment constitutes a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [5] Group 3 - ALUULA is known for its ultra-light, high-performance, and recycle-ready composite materials, which enhance the performance of outdoor gear and industrial equipment [6] - The company emphasizes that its innovations do not compromise sustainability for performance, making its products lighter, stronger, and more sustainable [6]