Charbone Hydrogen Corporation Extends Funding Deadline for US$6 Million Private Placement
Key Ideas
- Charbone Hydrogen Corporation extends private placement financing deadline by 30 days to attract US investors.
- The company has already secured US$1.5 million and is in discussions with potential investors for the remaining amount.
- The unsecured convertible notes offer a 12% annual interest rate and mature in 2028 unless converted earlier.
- Charbone is focused on developing eco-friendly hydrogen production facilities across North America for various industries.
Charbone Hydrogen Corporation, a green hydrogen company, has announced an extension of the deadline for its private placement financing of up to US$6 million in unsecured convertible notes. The deadline, originally set to close earlier, has been extended by 30 days to March 5, following promising discussions with US investors who have shown significant interest in the offering. The company had previously secured US$1.5 million from the financing in December 2024 and continues negotiations with potential investors to reach the targeted funding goal. The notes being offered have a 12% annual interest rate and a 36-month term, set to mature in 2028 unless they are converted earlier. Additionally, Charbone revealed that it has received approximately $339,000 from warrant exercises as of January 30. Charbone's primary focus is on developing modular hydrogen production facilities across North America to provide sustainable hydrogen solutions for various industries, emphasizing its commitment to green energy and environmental consciousness.