Recent Updates — ADMT

ADM Tronics Unlimited, Inc. consummated the initial ($1.3 million) and a subsequent ($250,000) closings of a private placement targeting up to $5.4 million in gross proceeds. The company issued 15.5 million shares of common stock at $0.10 per share, accompanied by warrants to purchase an additional 7.75 million shares (50% ratio). Proceeds are designated for working capital and expansion into deep technology. Concurrently, the board was reconstituted with the appointment of Michael Burychka, Klaus Kleinfeld as Independent Non-Executive Chairman, and Greg Wasson as a director, effecting a change in control upon the Board Effective Time. The company operates in medical electronic devices, chemical formulations, and engineering services.