CEMATRIX Announces 2023 First Quarter Financial Results - Seite 2

Subsequent Events:

In the month of April, the Company repaid all of the outstanding April 2020 convertible debentures, on the maturity date, in the amount $3.6 million. On the same date, all remaining regular warrants and broker warrants expired. This was the final step in our strategic goal to de-lever the balance sheet and to simplify our capital structure.

In addition, in the month of May, CIBC and the Company have amended its credit facility to waive the quarterly Debt to EBTIDA covenant for Q1 2023 to Q3 2023 and to reduce the maximum borrowing amount available under the credit facility from $5 million to $3 million. The current balance outstanding on the credit facility is zero.

Reminder - Q1 Financial Results Webinar:

Management will host a webinar at 3:00 p.m. EST on Thursday, May 11, 2023 to discuss CEMATRIX’s first quarter financial results, provide a corporate update and conclude with a question and answer session from online participants. To participate, please use the following information:

When: May 11, 2023 3:00 PM Eastern Time (US and Canada)
Topic: CEMATRIX Q1 Financial Results Webinar

Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_BTlv7oLMRqOA5W8LFyHTxg

After registering, you will receive a confirmation email containing information about joining the webinar.

ABOUT CEMATRIX

CEMATRIX is a rapidly growing company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. This unique cement-based material with superior thermal protection delivers cost-effective, innovative solutions to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets. Through recent acquisitions of Chicago based MixOnSite and Bellingham based Pacific International Grout, CEMATRIX is now North America’s largest Cellular Concrete company. For more information please visit our website at www.cematrix.com.

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". The forward-looking statements contained in this news release are based on certain key expectations and assumptions made by the Company, including satisfaction of regulatory requirements in various jurisdictions and the Company’s anticipated use of the net proceeds of the Offering. Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, which could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements.