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GlobeNewswire·

PyroGenesis Announces Closing of $2 Million Private Placement

PYRGF
  • PyroGenesis Inc. completed its previously announced non-brokered Concurrent Private Placement on June 4, 2026, following the June 3 closing of a concurrent "bought deal" Offering.
  • President & CEO P. Peter Pascali exclusively subscribed to 5,882,352 units in the Private Placement at $0.34 per unit, generating $2 million in gross proceeds.
  • Each Private Placement unit includes one common share & one warrant exercisable at $0.42 per share, with warrants expiring 24 months post-closing & a four-month hold period applicable to all units.
  • The separate "bought deal" Offering issued 12,514,875 units at $0.34 per unit for $4,255,057.50 in gross proceeds, led by Research Capital Corporation as sole underwriter.
  • Combined proceeds from both transactions total approximately $6.2 million.
  • Warrants from the "bought deal" allow holders to purchase common shares at $0.42 until June 3, 2029.
  • PyroGenesis intends to utilize net proceeds from both offerings for working capital & advancements on contracts & backlog.
  • The securities were not registered under the U.S. Securities Act of 1933 & may not be offered or sold within the United States or to U.S. Persons.