ALUULA Announces LIFE Offering

Core Viewpoint - ALUULA Composites Inc. is conducting a brokered private placement offering to raise gross proceeds of C$10,002,300 through the sale of 3,031,000 units at a price of C$3.30 per unit, with Canaccord Genuity Corp. acting as the sole agent and bookrunner [1]. Offering Details - Each unit consists of one common share and half of one common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$4.29, valid for 24 months post-closing [2]. - The company may accelerate the expiry of the warrants if its shares trade at a volume weighted average price of C$8.25 or more for 30 consecutive trading days [2]. - The offering will utilize the listed issuer financing exemption under NI 45-106, allowing units issued to Canadian residents to be free from resale restrictions [3]. Geographic Scope - The units will also be offered to investors in other qualifying jurisdictions, including the United States, under Rule 506(b) of Regulation D [4]. Additional Units - The company has granted the agent an option to purchase up to an additional 15% of the units sold at the offering price, with the same commission and warrants applicable to these additional units [5]. Use of Proceeds - The net proceeds from the offering are intended for expanding manufacturing capacity by building a new facility and for general administrative and working capital purposes [6]. Closing Timeline - The offering is expected to close on or about February 24, 2026, subject to necessary approvals and compliance with TSXV policies [7]. Company Overview - ALUULA Composites Inc. specializes in ultra-light, high-performance, and recycle-ready composite materials, enhancing outdoor gear performance while maintaining sustainability [10].