PyroGenesis Comments on Recent Online Post
PyroGenesis (OTCQX: PYRGF) addressed an online post by a current board member made after market hours on October 10, 2025, which contained incorrect details about the company’s ongoing non-brokered private placement.
The company clarified the placement was announced October 1, 2025 with potential funding of approximately $5 million, that the placement is still ongoing and not officially oversubscribed, and that the first tranche of the first unit group is expected to be completed during the upcoming week. The board reviewed the incident and says corrective action was taken.
PyroGenesis (OTCQX: PYRGF) ha risposto a un post online di un membro attuale del consiglio pubblicato dopo l'orario di mercato il 10 ottobre 2025, che conteneva dettagli incorretti riguardo all'attuale collocamento privato non interposto da broker.
L'azienda ha chiarito che la collocazione è stata annunciata il 1 ottobre 2025 con un possibile finanziamento di circa $5 milioni, che la collocazione è ancora in corso e non ufficialmente esaurita, e che la prima tranche del primo gruppo di unità è prevista entro la settimana prossima. Il consiglio ha esaminato l'episodio e afferma che sono state adottate azioni correttive.
PyroGenesis (OTCQX: PYRGF) respondió a una publicación en línea de un miembro actual de la junta, publicada después del horario de mercado el 10 de octubre de 2025, que contenía detalles incorrectos sobre la colocación privada no intermedia por corredores de la empresa.
La compañía aclaró que la colocación se anunció el 1 de octubre de 2025 con un financiamiento potencial de aproximadamente $5 millones, que la colocación aún está en curso y no está oficialmente suscrita en su totalidad, y que se espera que la primera tanda de la primera agrupación de unidades se complete durante la próxima semana. La junta revisó el incidente y dice que se tomaron medidas correctivas.
PyroGenesis (OTCQX: PYRGF)가 2025년 10월 10일 장 마감 후 게시된 이사회 현 멤버의 온라인 게시물에 대해 회사의 비브로커 관여 없는 비공모 배정에 관한 잘못된 정보가 담겨 있었다고 밝혔다.
회사는 배정이 2025년 10월 1일에 발표되었고 약 $5백만의 자금 조달 가능성이 있으며, 배정은 아직 진행 중이고 공식적으로 초과청약 상태가 아니다, 그리고 첫 유닛 그룹의 첫 분기가 다가오는 주에 완료될 것으로 예상된다고 밝혔다. 이사회는 사건을 검토했고 시정 조치를 취했다고 말했다.
Pyro Genesis (OTCQX: PYRGF) a réagi à un message en ligne d'un membre actuel du conseil publié après les heures de marché le 10 octobre 2025, qui contenait des détails incorrects sur le placement privé non intermédiaire par une intermédiation bancaire.
L'entreprise a précisé que le placement a été annoncé le 1er octobre 2025 avec un financement potentiel d'environ $5 millions, que le placement est toujours en cours et n'est pas officiellement sursouscrit, et que la première tranche du premier groupe d'unités devrait être réalisée au cours de la semaine à venir. Le conseil a examiné l'incident et indique que des mesures correctives ont été prises.
PyroGenesis (OTCQX: PYRGF) reagierte auf einen Online-Beitrag eines aktuellen Vorstandsmitglieds, der nach Börsenschluss am 10. Oktober 2025 veröffentlicht wurde und falsche Details über die laufende, nicht durch Vermittler betreute Privatplatzierung enthielt.
Das Unternehmen stellte klar, dass die Platzierung am 1. Oktober 2025 mit einer möglichen Finanzierung von ca. $5 Millionen angekündigt wurde, dass die Platzierung noch läuft und nicht offiziell überzeichnet ist, und dass die erste Tranche der ersten Unit-Gruppe voraussichtlich in der kommenden Woche abgeschlossen wird. Der Vorstand hat den Vorfall geprüft und erklärt, dass Korrekturmaßnahmen ergriffen wurden.
PyroGenesis (OTCQX: PYRGF) ناقشت منشوراً عبر الإنترنت من عضو مجلس إدارة حالي تبِع ساعات السوق في 10 أكتوبر 2025، كان يحتوي على تفاصيل غير صحيحة حول عرض خاص غير وسيط جارٍ للشركة.
أوضحت الشركة أن العرض أعلن في 1 أكتوبر 2025 بتمويل محتمل يقارب $5 مليون، وأن العرض لا يزال جارياً و
PyroGenesis (OTCQX: PYRGF) 已回应一名现任董事会成员在市场时间后于2025年10月10日发布的在线帖子，该帖子包含关于公司正在进行的非经纪人私人配售的不正确信息。
公司澄清，配售于2025年10月1日宣布，潜在融资约为$5 百万美元，配售仍在进行中，且尚未正式超额认购，第一组单位的第一笔将在接下来的一周内完成。董事会审核了事件，表示已采取纠正措施。
- Private placement announced on October 1, 2025 with target ≈ $5 million
- First tranche of first unit group expected to complete during the upcoming week
- Board reviewed the incident and implemented corrective action
- Board member posted incorrect oversubscription claim of $7.5–$8.0 million
- Incorrect post was publicly available overnight before being deleted, indicating a governance disclosure lapse
MONTREAL, Oct. 12, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis” or “the Company”) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), the leader in innovating for ultra-high temperature processes and engineering, and a technology provider to heavy industry & defense, provides the following comment in regard to a recent online post from a current member of the Company’s board of directors.
On Saturday October 11, 2025, it came to the Company’s attention that an online post from a current member of the PyroGenesis board of directors had been made on the night of Friday October 10, outside of market hours. This post contained information regarding the Company’s recently announced non-brokered private placement (the “private placement”). A portion of this information should not have been posted and is incorrect. Upon recognizing the error, the post was quickly deleted. PyroGenesis asks that any versions of this since-deleted post be disregarded and not disseminated further.
More specifically, the post contained details about the private placement that had been previously released, however it also contained a sentence that “… (the Company’s ongoing private placement) has been oversubscribed bringing in between
While the Company had previously announced, on October 1, 2025, its intention to conduct this non-brokered private placement, with a potential funding of approximately
As a matter of clarification, the Company can state that, at the time of this press release, the private placement is not officially oversubscribed. We can further confirm that the first tranche of the first unit group of the private placement, is expected to be completed during the upcoming week.
PyroGenesis is committed to timely disclosure and takes corporate governance seriously. The board of directors has reviewed this situation in full, and corrective action has been taken.
About PyroGenesis Inc.
PyroGenesis leverages 30 years of plasma technology leadership to deliver advanced engineering solutions to energy, propulsion, destruction, process heating, emissions, and materials development challenges across heavy industry and defense. Its customers include global leaders in aluminum, aerospace, steel, iron ore, utilities, environmental services, military, and government. From its Montreal headquarters and local manufacturing facilities, PyroGenesis’ engineers, scientists, and technicians drive innovation and commercialization of energy transition and ultra-high temperature technology. PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified, with ISO certification maintained since 1997. PyroGenesis’ shares trade on the TSX (PYR), OTCQX (PYRGF), and Frankfurt (8PY1) stock exchanges
Cautionary and Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.
Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under “Risk Factors” in PyroGenesis’ latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis’ profile on SEDAR+ at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws.
Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release.
For further information contact ir@pyrogenesis.com or visit http://www.pyrogenesis.com
FAQ
What did PyroGenesis (PYRGF) clarify about the October 10, 2025 online post?
Is PyroGenesis's non-brokered private placement for PYRGF officially oversubscribed on October 12, 2025?
How much funding did PyroGenesis (PYRGF) indicate as the potential size of the private placement?
When does PyroGenesis expect to complete the first tranche of the private placement for PYRGF?
What corrective steps did PyroGenesis report after the incorrect PYRGF post?
Should investors rely on the deleted online post about PYRGF's private placement?
