ADM TRONICS UNLIMITED, INC.

ADM Tronics Unlimited, Inc. has successfully closed the first two tranches of its private placement, raising a total of $1.55 million. The company also announced significant additions to its Board of Directors, including Klaus Kleinfeld and Greg Wasson. The funds raised will be allocated towards working capital, transaction costs, and strategic expansion into deep technology sectors. The private placement is expected to raise approximately $5.0 million in aggregate.

ADM Tronics Unlimited, Inc. (ADMT) reported an accumulated deficit of $33,070,594 as of March 31, 2026, leading to substantial doubt about its ability to continue as a going concern. The company is implementing strategic plans to improve its financial position and achieve profitability within the next fiscal year. ADMT also highlighted significant customer concentration, with two customers accounting for 46% of net revenue in fiscal year 2026.