ALUULA composite materials
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ALUULA Announces Closing of Upsized $14.1 Million Brokered LIFE Offering
TMX Newsfile· 2026-02-24 13:38
Core Viewpoint - ALUULA Composites Inc. has successfully completed a brokered private placement, raising C$14,102,467.50 through the sale of 4,273,475 units at C$3.30 each, with the proceeds aimed at expanding manufacturing capacity and general working capital [1][4]. Group 1: Offering Details - The offering consisted of units, each comprising one common share and one half of a common share purchase warrant, with the warrant allowing purchase of a common share at C$4.29 within 24 months [2]. - The offering was conducted by Canaccord Genuity Corp. as the sole agent, and included a cash commission of C$730,798.61 and 221,454 agent warrants [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for expanding manufacturing capacity, constructing a new facility, and covering general administrative costs, including repayment of a C$1,000,000 promissory note [4]. Group 3: Regulatory and Compliance - The units were offered under the listed issuer financing exemption, allowing distribution in Canada and the U.S. without a prospectus, and are not subject to resale restrictions for Canadian residents [5]. - The offering is subject to final acceptance by the TSX Venture Exchange [5]. Group 4: Insider Transactions - Concurrently, four directors exercised warrants and stock options, generating C$500,000 in proceeds and resulting in the issuance of 278,484 common shares [6]. - Ten directors and officers have entered into voluntary 180-day lock-up agreements to restrict selling during this period [6]. Group 5: Related Party Transactions - One subscriber in the offering is considered a related party, and the repayment of the promissory note to a related party is classified as a related party transaction under Multilateral Instrument 61-101 [7].
ALUULA Announces Upsized C$12 Million LIFE Offering
TMX Newsfile· 2026-02-11 17:54
Core Viewpoint - ALUULA Composites Inc. has announced a brokered private placement offering due to strong investor demand, aiming to raise C$12,002,100 through the sale of 3,637,000 units at a price of C$3.30 per unit [1] Offering Details - Each unit consists of one common share and half of one common share purchase warrant, with the warrant allowing the purchase of one common share at C$4.29 within 24 months after the offering's closing date [2] - The offering is expected to close around February 24, 2026, subject to necessary approvals and compliance with TSXV policies [7] - The company has granted the agent an option to sell up to an additional 17.5% of the units at the offering price [5] Use of Proceeds - The net proceeds from the offering will be used for expanding manufacturing capacity by building a new facility and for general administrative and working capital purposes [6] Regulatory Compliance - The offering will be conducted under the listed issuer financing exemption in Canada, allowing units issued to Canadian residents to be free from resale restrictions [3] - The company plans to offer units to investors in the United States under Rule 506(b) of Regulation D, targeting qualified institutional buyers and accredited investors [4]
ALUULA Composites to Recruit CFO and Extends Maturity Date of Existing $1m Loan
TMX Newsfile· 2026-01-12 21:30
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]
ALUULA Approved for Listing on the OTCQB
TMX Newsfile· 2025-12-22 21:15
Core Viewpoint - ALUULA Composites Inc. has commenced trading on the OTCQB Venture Market under the ticker symbol "AUUAF", enhancing accessibility for U.S.-based investors and increasing exposure within the North American investment community [1][2]. Group 1: Company Listing and Market Access - The listing on OTCQB allows investors to access real-time quotes and market information for ALUULA, in addition to its existing trading on the TSX Venture Exchange under the symbol AUUA [2]. - OTCQB is designed for international growth-stage companies that are current in their reporting and meet specific eligibility standards [2]. Group 2: Stock Options - The company has granted 200,000 stock options to its newly appointed CFO, with each option exercisable into one common share at a price of $3.30 per share until November 30, 2030 [3]. Group 3: Company Overview - ALUULA is known for its ultra-light, high-performance, and recycle-ready composite materials, which enhance the performance of outdoor gear and commercial equipment [4]. - The company emphasizes that its innovations do not require a trade-off between performance and sustainability, with materials designed to be lighter, stronger, and more sustainable [4].
ALUULA Provides Update on Warrant Exercise for Proceeds of $987K and Expansion of Investor Outreach
Newsfile· 2025-09-10 22:00
Core Points - ALUULA Composites Inc. announced that 99.6% of its repriced warrants were exercised, resulting in gross proceeds of $987,371.18 [1][2] - The company plans to utilize the proceeds for general working capital and strategic growth initiatives, including diversifying sales pipelines and expanding manufacturing capabilities [4] Warrant Exercise Details - A total of 24,379,560 out of 24,489,953 repriced share purchase warrants were exercised before the expiry date, raising gross proceeds of $987,372.18 [2] - Each 20 warrants were exercisable into one common share at a price of $0.81, leading to the issuance of 1,218,978 shares [2] Investor Engagement - CEO Sage Berryman will participate in several investor relations conferences to enhance engagement with the investment community [1][5] - Upcoming conferences include the Smallcap Discoveries Conference in Vancouver on September 29-30, 2025, and the Planet MicroCap Toronto on October 21-23, 2025 [6][7] Company Overview - ALUULA specializes in ultra-light, high-performance, and recycle-ready composite materials, aimed at improving outdoor gear performance [10] - The company emphasizes sustainability without compromising performance, with its products known for their unique construction capabilities [10]
ALUULA Composites Inc. Announces Acceleration of Warrants and AGM Results
Newsfile· 2025-08-05 21:40
Core Points - ALUULA Composites Inc. announces an accelerated expiry date for 24,489,953 share purchase warrants due to the company's common shares closing above $0.97 for 10 consecutive trading days [1][2][3] - The exercise period for the warrants will be reduced to 30 calendar days, expiring on September 4, 2025, with any unexercised warrants becoming void after this date [2][3] - The company held its 2025 annual general meeting on July 9, 2025, where all matters were approved, and the current Board of Directors was confirmed [4] Company Overview - ALUULA Composites Inc. specializes in ultra-light, high-performance, and recycle-ready composite materials aimed at enhancing outdoor gear performance [5] - The company emphasizes that its innovations do not compromise sustainability for performance, offering materials that are lighter, stronger, and more sustainable [5] - ALUULA's products are manufactured on the Canadian west coast and are recognized for their unique construction capabilities [5]
ALUULA Composites Inc. Announces Exchange Approval of Warrant Amendment
Newsfile· 2025-07-14 11:00
Core Viewpoint - ALUULA Composites Inc. has received approval from the TSX Venture Exchange to extend and reprice its outstanding share purchase warrants, which were originally granted in July 2023 [1][2]. Summary by Sections Warrant Extension and Repricing - The company announced the extension and repricing of 24,489,953 outstanding share purchase warrants, allowing holders to acquire one common share at an exercise price of $0.81 until July 12, 2026 [1][2]. Accelerated Expiry Clause - The warrants will be subject to an accelerated expiry clause, where if the closing price of the company's common shares reaches $0.97 or higher for 10 consecutive trading days, the exercise period will be reduced to 30 calendar days [3]. Warrant Consolidation Details - The company clarified that the number of outstanding warrants remains at 24,489,953, despite a previous assumption of consolidation into 1,224,498 warrants. The current structure requires 20 warrants to acquire one share [5]. Company Overview - ALUULA Composites Inc. specializes in ultra-light, high-performance, and recycle-ready composite materials, enhancing outdoor gear performance while maintaining sustainability [6].