Business
ALUULA Announces Upsized C$12 Million LIFE Offering
Victoria, British Columbia--(Newsfile Corp. - February 11, 2026) - ALUULA Composites Inc. (TSXV: AUUA) (OTCQB: AUUAF) (the "Company" or "ALUULA") is pleased to announce that as a result of strong investor demand, it has entered into an amended agreement with Canaccord Genuity Corp. (the "Agent"), as sole agent and bookrunner, pursuant to which the Agent will conduct a "best efforts" brokered private placement offering (the "Offering") for aggregate gross proceeds of C$12,002,100 consisting of...
About this update from Aluula Composites Inc
[{"type":"text","content":"Victoria, British Columbia--(Newsfile Corp. - February 11, 2026) - ALUULA Composites Inc. (TSXV: AUUA) (OTCQB: AUUAF) (the "Company" or "ALUULA") is pleased to announce that as a result of strong investor demand, it has entered into an amended agreement with Canaccord Genuity Corp. (the "Agent"), as sole agent and bookrunner, pursuant to which the Agent will conduct a "best efforts" brokered private placement offering (the "Offering") for aggregate gross proceeds of C$12,002,100 consisting of 3,637,000 units of the Company (the "Units") at a price of C$3.30 per Unit (the "Offering Price").","length":666,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share in the capital of the Company and half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company at a price of C$4.29 per common share at any time on or before that date which is 24 months after the closing date of the Offering. The Company may accelerate the expiry of the Warrants if the common shares of the Company trade on the TSX Venture Exchange (the "TSXV") (or any other Canadian stock exchange on which they are then listed) at a volume weighted average price of C$8.25 or more per common share for thirty (30) consecutive trading days, subject to the terms of the Warrants. The Warrants will not be transferable.","length":781,"tagName":"p"},{"type":"text","content":"The Units will be offered by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Order"), in all of the provinces and territories of Canada. Pursuant to NI 45-106 and the Order, the Units issued to Canadian residents under the Offering will not be subject to resale restrictions. The Company is relying on the exemptions in Part 5A of NI 45-106 and the Order and is qualified to distribute securities in reliance on the exemptions included therein.","length":675,"tagName":"p"},{"type":"text","content":"The Units are expected to be offered to investors in other qualifying jurisdicti...