GlobeNewswire·Mar 26, 2026, 4:30 PM ET

PyroGenesis Announces Closing of Non-Brokered Private Placement

PyroGenesis Inc. closed its oversubscribed non-brokered private placement on March 26, 2026, selling 3,654,537 units at $0.54 per unit.
The closing generated gross proceeds of $1,973,450, exceeding the initial target of approximately $1,000,000.
Each unit consists of one common share & one-half of a common share purchase warrant, where each warrant allows the purchase of one share at $0.70 for 36 months.
Common shares & warrants issued are subject to a statutory hold period of four months & one day from the closing date.
The company retains the right to accelerate warrant expiry to 30 days after notice if the TSX closing price exceeds $0.90 for 2 of any 5 consecutive trading days.
President & CEO P. Peter Pascali subscribed for approximately $400,000, representing the maximum regulatory allowance for insider participation.
Net proceeds will be utilized for working capital & general corporate purposes.
The private placement has received conditional TSX approval but remains subject to final regulatory approval & customary closing conditions.
PyroGenesis is an ultra-high temperature technology provider headquartered in Montreal with operations certified under ISO 9001:2015 & AS9100D standards.