CHARBONE Hydrogen Corporation Announces Extension for Private Placement Financing
Key Ideas
- CHARBONE Hydrogen Corporation extends private placement financing deadline to March 5, 2025, due to significant interest from investors.
- The offering includes an unsecured convertible note with a 36-month term at a 12% annual interest rate, aiming to raise a maximum of US$6 million.
- Additionally, the company has received over $338,000 from warrant exercises and plans its 2023 Annual General and Extraordinary Meeting of Shareholders on March 28, 2025.
- CHARBONE focuses on creating a network of modular green hydrogen production facilities in North America to produce eco-friendly hydrogen for various users.
CHARBONE Hydrogen Corporation, based in Brossard, Quebec, has announced a 30-day extension for the private placement financing of up to US$6 million in unsecured convertible debt, with a deadline now set for March 5, 2025. The company, known as North America's only publicly traded pure-play green hydrogen firm, has already closed a significant amount of the financing round, with $1.5 million raised in December 2024. The offering consists of an unsecured convertible note with a 36-month term at a 12% annual interest rate, led by its US banker. Additionally, CHARBONE has received over $338,000 from exercises of warrants as of January 30, 2025. Furthermore, the company has scheduled its 2023 Annual General and Extraordinary Meeting of Shareholders for March 28, 2025. CHARBONE is focused on building a network of modular green hydrogen production facilities across North America to produce eco-friendly hydrogen for industrial, institutional, commercial, and future mobility users. The company's projects are well perceived by interested investors, leading to the decision to extend the financing timeline to accommodate potential investors. CHARBONE is listed on the TSX Venture Exchange, OTC Markets, and Frankfurt Stock Exchange. It aims to leverage renewable energy to create sustainable hydrogen solutions and contribute to a greener future.