CYMAT Technologies updates private placement to raise $1.6 million

Cymat Technologies Ltd. (TSXV: CYM) (OTCQB: CYMHF) provided an update on its non-brokered private placement offering, originally announced on October 2, 2025.

The company intends to issue 11,934,615 equity units for gross proceeds of $1,551,500, subject to TSX Venture Exchange approval. Each unit is priced at $0.13 and consists of one common share and one common share purchase warrant.

The warrants entitle holders to purchase one common share at $0.18 for a 24-month period. The warrants include provisions that prevent warrant holders from exercising a number that would create a new insider unless required submissions are made to and approvals received from the TSX Venture Exchange.

No company insiders will participate in the offering. The company stated it will rely on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as any insider participation would not exceed 25% of the company's market capitalization fair market value. No finder's fees or broker warrants will be issued.

Proceeds will fund capital equipment purchases for a business development initiative and working capital requirements. Securities issued will be subject to a four-month trading hold period under Canadian securities laws.

The offering requires TSX Venture Exchange approval before closure. Cymat Technologies manufactures and sells Stabilized Aluminum Foam, a cellular metallic material used in architectural design, military and automotive industries.

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