PlasCred Circular Innovations Inc. Announces Closing of Strategic Private Placement

Rhea-AI Summary

PlasCred Circular Innovations (CSE: PLAS) has successfully closed its non-brokered private placement, raising $819,000 through the issuance of 16,380,000 units at $0.05 per unit. Each unit includes one common share and one warrant, exercisable at $0.07 for 36 months.

The proceeds will fund the construction of the company's Neos facility, engineering optimization, marketing expansion, and working capital. Additionally, the company revised vesting conditions for 5 million Performance Warrants, linking them to facility development milestones including securing $15M financing, mechanical completion, and achieving 450 barrels per day production rate.

Positive

• Successful raise of $819,000 through private placement
• Strategic alignment of Performance Warrants with facility development milestones
• Proceeds will advance construction of Neos facility and fund operational improvements

Negative

• Significant dilution with issuance of 16.38M new units
• Low unit pricing at $0.05 indicates challenging market conditions
• Four-month-plus-one-day hold period restricts immediate trading

Calgary, Alberta--(Newsfile Corp. - July 21, 2025) - PlasCred Circular Innovations Inc. (CSE: PLAS) (FSE: XV2) ("PlasCred" or the "Company"), a transformative leader in the advanced plastic waste recycling sector, is pleased to announce is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering") on July 14, 2025. This follows the amended terms as disclosed in the Company's news release dated April 28, 2025.

Under the Offering, the Company issued an aggregate of 16,380,000 units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of $819,000. Each Unit consists of one common share and one common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to acquire one additional common share of the Company at a price of $0.07 for a period of 36 months from the date of closing. The net proceeds of the Offering will be used to advance construction of the Company's Neos facility, fund engineering and ongoing initiatives to optimize process efficiency, expand marketing efforts, and support general corporate and working capital purposes.

All securities issued pursuant to the Private Placement will be subject to a statutory four-month-plus-one-day hold period. The completion of the Private Placement is subject to the receipt of all required regulatory approvals, including approval from the CSE. The Common Shares were offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation.

In connection with the Offering, the Company's Board of Directors approved a revision to the vesting conditions of 5,000,000 previously issued Performance Warrants. The amended milestones align with the development of the Neos facility: one-third will vest upon securing $15 million in financing or commencement of construction, one-third upon mechanical completion of the facility, and the final third upon achieving a sustained average production rate of 450 barrels per day over a one year period.

About PlasCred Circular Innovations Inc.

PlasCred is at the forefront of rebalancing the future of plastics. The company is transforming plastic waste by granting it a valuable second life. With a vision of advancing towards a climate-positive future, PlasCred aspires to be among the largest advanced plastic waste recyclers in North America and globally. Their groundbreaking patent-pending technology is set to revolutionize the approach to plastic waste management and advanced recycling.

PlasCred also has strategic partnerships with CN Rail, Palantir Technologies Inc., Fibreco Export Inc., and a Global Commodities Company . These collaborations provide PlasCred with world-class logistics, advanced operational intelligence, and stable long-term revenue, supporting its leadership in the circular plastics economy.

For further information on PlasCred, visit our website at www.PlasCred.com

ON BEHALF OF THE BOARD

Troy Lupul - President & CEO

Contact Information

For more information please contact:

PlasCred Circular Innovations Inc.
Troy Lupul
Email: IR@plascred.com

Forward-looking Statements

This press release includes forward-looking statements under applicable securities laws. Such statements relate to future activities, results, or developments anticipated by PlasCred Circular Innovations Inc. and are based on reasonable assumptions but involve risks and uncertainties. Forward-looking statements can often be identified by terms such as "expects," "intends," "plans," or similar expressions. Actual results may differ materially due to economic conditions, regulatory changes, and other risks described in the Company's public filings available on SEDAR at www.sedarplus.ca. Readers are cautioned not to place undue reliance on these statements. PlasCred disclaims any obligation to update forward-looking statements except as required by law.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259410

FAQ

How much did PlasCred Circular Innovations (PLAS) raise in its July 2025 private placement?

PlasCred raised $819,000 by issuing 16,380,000 units at $0.05 per unit, with each unit including one common share and one warrant exercisable at $0.07.

What are the terms of PlasCred's warrants from the July 2025 private placement?

Each warrant allows holders to purchase one additional common share at $0.07 for a period of 36 months from the closing date.

How will PlasCred use the proceeds from its July 2025 private placement?

The proceeds will fund the Neos facility construction, engineering optimization, marketing expansion, and general corporate working capital.

What are the new vesting conditions for PlasCred's Performance Warrants?

The 5M Performance Warrants vest in three tranches: 1/3 upon securing $15M financing or construction start, 1/3 upon mechanical completion, and 1/3 upon achieving 450 barrels per day sustained production.

What is the hold period for securities issued in PlasCred's July 2025 private placement?

All securities issued are subject to a four-month-plus-one-day statutory hold period and require CSE approval.