ALUULA Composites closes $3.67M bought deal financing

ALUULA Composites Inc. closed a bought deal private placement for gross proceeds of $3.67 million. The company plans to use the net proceeds to expand production capacity, repay bank debt, increase workforce, and expand facilities.

“The Company expects to use the net proceeds of the Offering to expand production capacity (including a shift to wider industry standard 1.5 meter output widths), repay outstanding bank debt, make modest increases to its workforce and expand its facilities.”newsfilecorp.com

• 1 source
• newsfilecorp.comALUULA Announces Completion of $3.67M Bought Deal FinancingALUULA Composites Inc.Jul 12, 2023

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