PowerTap Hydrogen Capital Corp. Grants Restricted Share Units to Company Officers
Key Ideas
- PowerTap Hydrogen Capital Corp. grants 1,999,999 restricted share units (RSUs) to directors, officers, and consultants, allowing them to acquire common shares.
- The RSUs will vest immediately, with each unit entitling the holder to obtain one common share of the company at a price of $0.05 per share.
- PowerTap is focused on installing hydrogen production and fueling infrastructure in the United States, particularly targeting automotive and long-haul trucking markets.
- The company is commercializing its third-generation blue hydrogen product developed over 20 years to address the lack of hydrogen fueling infrastructure in certain markets.
PowerTap Hydrogen Capital Corp. announced the granting of 1,999,999 restricted share units (RSUs) to its directors, officers, and consultants under its shareholder approved RSU Plan. The RSUs, priced at $0.05 each, will vest immediately, allowing the holders to acquire common shares of the company. PowerTap, a subsidiary of PowerTap Hydrogen Capital Corp., is dedicated to installing hydrogen production and fueling infrastructure in the United States. The company's focus is on addressing the refueling needs of the automotive and long-haul trucking markets that currently lack hydrogen infrastructure. PowerTap is in the process of commercializing its third-generation blue hydrogen product, which has been in development for over 20 years. The company's initiative aims to bridge the gap in hydrogen fueling infrastructure, particularly in markets with a high demand for hydrogen-powered vehicles.