EMAT raises $30.9M via convertible debentures to Yorkville; first tranche $22M

Evolution Metals & Technologies Corp.

Yorkville (YA II PN) to buy $30,927,835 in convertible debentures; purchase price 97% of principal.
First $22M issued Sep 17, 2026; $2M due on S-1 filing; $6,927,835 due on effectiveness of registration.
Conversion price lower of fixed $5.02 or 95% of lowest 5-day VWAP, subject to floor; 4% interest (18% default), maturity Sep 17, 2028.
Proceeds for general corporate purposes and expansion; subsidiaries guarantee obligations via Global Guarantee Agreement.
Subject to Nasdaq Exchange Cap and 4.99% beneficial ownership limit; issued under Section 4(a)(2) exemption.

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