04:56 PM EDT, 03/11/2026 (MT Newswires) -- PyroGenesis ( PYRGF ) after trade Wednesday said its non-brokered private placement is oversubscribed and the company will not accept any further requests for participation. It expects to close the placement within 10 days, subject to regulatory approval.

The company said the placement was originally structured to raise up to approximately $1 million through the sale of up to 1.85-million units. Now PyroGenesis ( PYRGF ) estimates the final subscription amounts to be between $1.7 million and $1.9 million, for between 3.15-million and 3.52-million units.

The units are priced at $0.54 each and are made up of a share and one half of a three-year warrant to buy a share for $0.70.

Chief executive Peter Pascali will directly subscribe for up to approximately $400,000, which represents the maximum dollar amount that insiders, as a group, are allowed to participate in by regulators.

Shares of the company closed up $0.03 to $0.63 on the Toronto Stock Exchange.