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CHAR Technologies Announces Repricing of Previously Announced Private Placement and Fully Subscribed book
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ...
About this update from Char Technologies Ltd.
[{"type":"text","content":"CHAR Technologies Announces Repricing of Previously Announced Private Placement and Fully Subscribed book\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES\n \n\n TORONTO, Dec. 16, 2025 (GLOBE NEWSWIRE) --\n \n CHAR Technologies\n \n (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is announcing a repricing of the non-brokered private placement announced on December 11\n \n th\n \n , 2025.\n \n\n The offering will now be for up to 4,550,000 units (“Units”) at a price of $CDN 0.22 per Unit for gross proceeds of approximately $CDN 1 million (“Offering”). Although the Company had agreed to terms and filed for price protection, the positive market response to the Government grant of $CDN 2.25M announced on December 10\n \n th\n \n (press release\n \n here\n \n ) led to the repricing.\n \n\n The Company is also pleased to announce the Offering is still fully subscribed with institutional investor representation. The closing is expected to occur by or around the end of the week of December 22\n \n nd\n \n , or a later date that may be determined by the Company or approving entities. The Offering is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional acceptance by the TSX Venture Exchange (“\n \n TSXV\n \n ”).\n \n\n Each Unit consists of one common share of the Company (each, a “\n \n Common Share\n \n ”) and one non-transferable Common Share purchase warrant (each, a “\n \n Warrant\n \n ”). Each whole Warrant will be exercisable to acquire one Common Share of the Company at an exercise price of $CDN 0.32 CAD for a period of 24 months from the closing date of the Offering. The Company may compensate certain eligible finders under the Offering and may pay a cash commission of up to 6% of the gross proceeds.\n \n\n Proceeds of the Offering will be used for general working capital, to support ongoing project development work to continue to progress the Company’s project pipeline, and to support capital advisory and investor relations services.\n \n\n The Units under the Offering are being offered to purchasers outside of Canada pursuant to an exemption from the...