Ubercrete Secures $5M Financing in Critical Step Towards Public Listing via Gencan RTO

TORONTO, ON – April 06, 2026 – In a significant move set to reshape a foundational segment of the construction industry, Ubercrete Advanced Materials Inc. has initiated a private placement to raise up to $5 million. This financing is a crucial component of its planned reverse takeover (RTO) with Gencan Capital Inc., a transaction that would take the innovative concrete technology company public on the Canadian Securities Exchange.

The announcement confirms that Ubercrete is offering shares at $0.25 each in a non-brokered private placement. The capital raised is earmarked for accelerating its business plan, which includes advancing product development, scaling commercialization efforts, and funding general corporate operations. For investors and industry watchers, this financing represents a pivotal test of confidence in Ubercrete's vision to transform traditional concrete.

The Financial Foundation for a Concrete Revolution

The $5 million private placement is more than just a capital raise; it is a condition precedent for the completion of the RTO with Gencan. This makes its success a make-or-break milestone for Ubercrete’s public market ambitions. While Gencan Capital’s stock (CSE: GCA.X) has recently traded for less than ten cents, the $0.25 per share price of the private placement suggests investors are valuing Ubercrete's future potential far more than Gencan's current status as a shell company.

This valuation premium highlights a belief in the disruptive potential of Ubercrete’s technology. The funds are intended to bridge the gap between its current research and development phase and full-scale market penetration. According to the company, the proceeds will fuel the commercial rollout of its high-performance concrete solutions for both commercial and residential projects.

While Gencan and Ubercrete have agreed on the material terms of the RTO, the deal's finalization is not yet guaranteed. It remains contingent on several factors, including the successful completion of this financing, the negotiation of a definitive agreement, satisfactory due diligence, and obtaining all necessary shareholder and regulatory approvals. As stated in the official press release, there is no assurance that the transaction or the financing will be completed as proposed, or at all.

Building a Public Company: The Reverse Takeover Mechanism

The transaction structure is a reverse takeover, a common path for private growth companies to access public markets. In this process, the private company, Ubercrete, will effectively merge with the publicly listed Gencan Capital. Gencan, which previously operated in the solar energy sector, currently has no significant operations, making it an ideal capital pool company to serve as a vehicle for Ubercrete's public debut.

This strategic maneuver allows Ubercrete to become a publicly traded entity without undergoing the lengthy and often more expensive process of a traditional Initial Public Offering (IPO). Upon successful completion, the resulting company will carry forward Ubercrete’s business, providing it with the public currency and access to capital markets needed for its ambitious global licensing strategy.

However, the path to closing is complex. It requires clearance from the Canadian Securities Exchange and other regulatory bodies, who will scrutinize the transaction to ensure it meets public company standards. Investors are cautioned that information released prior to the filing of a complete listing statement may be incomplete and should be approached with care.

Beyond Gray Slabs: Ubercrete's Vision for 21st-Century Concrete

At the heart of this financial maneuvering is a technology that promises to fundamentally change the world's most-used building material. Ubercrete is not merely a concrete supplier; it is a technology firm focused on proprietary formulations and state-of-the-art processes. The company's core innovation lies in its use of computer-controlled volumetric mixing trucks, which act as mobile, on-demand batching plants.

This method allows for the precise delivery of custom concrete formulas directly at the construction site, eliminating waste from over-ordering and reducing the carbon footprint associated with multiple truck deliveries from a central plant. The system's flexibility allows crews to pour different types of concrete for various structural needs—from foundations to flooring—from a single vehicle.

Ubercrete's innovation extends to the materials themselves. The company is actively developing a portfolio of patentable, high-performance concrete blends. This includes pioneering work with graphene-infused concrete, a next-generation material that promises dramatic increases in strength, durability, and water resistance. This research, conducted in partnership with academic institutions like the University of British Columbia, aims to create stronger structures with less material, potentially reducing the significant carbon emissions associated with cement production.

Tapping a Multi-Billion Dollar Market

Ubercrete is entering a market ripe for disruption. The global push for more durable and sustainable infrastructure is fueling massive demand for advanced construction materials. The Ultra-High Performance Concrete (UHPC) market alone is projected to grow from approximately $600 million in 2026 to over $1.2 billion by 2035. The broader concrete admixtures market, which includes the novel additives Ubercrete specializes in, is an even larger prize, forecasted to exceed $28 billion by 2031.

This growth is driven by several factors: increased government spending on infrastructure, stricter building codes, and a rising demand from architects and developers for green building materials that contribute to certifications like LEED. Concrete is responsible for an estimated 8% of global CO2 emissions, and innovators who can reduce that impact while improving performance are positioned for significant success.

While the market includes established giants like Holcim and Sika, Ubercrete aims to carve out a defensible niche through its integrated technology and intellectual property strategy. By focusing on creating a patent portfolio of custom blends and licensing them globally, the company is building a scalable business model that extends beyond simply selling concrete.

Currently, the company is performing horizontal pours for commercial projects and is working to secure certifications for high-pressure applications like footings. Its long-term vision includes tackling high-volume vertical construction in dense urban environments and partnering with manufacturers of automated block and brick-making machines, turning its volumetric trucks into continuous production hubs for a new generation of building materials.