.jpg)
2 hours ago
2
Article content
MISSISSAUGA, Ontario, March 20, 2026 (GLOBE NEWSWIRE) — Next Hydrogen Solutions Inc. (“Next Hydrogen” or the “Company”) is providing an update on its non-brokered private placement of common shares at a price of CAD$0.45 per share (the “Offering Price”) which was completed on December 18, 2025 (the “Offering”).
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The Company had previously announced: (i) debt exchange agreements (with each of the directors or officers of the Company to settle an aggregate of CAD$560,527.37 of indebtedness under loan agreements, including principal loan amounts, accrued interest and loan setup fees), in consideration for the issuance of 1,245,610 Common Shares at a deemed price of $0.45 per Common Share; and (ii) debenture conversion agreements with certain holders of debentures of the Company to settle an aggregate of CAD$1,125,000 principal amount of debentures, in consideration for the issuance of 2,499,998 Common Shares at a deemed price of $0.45 per Common Share. $1,600,000 of these debentures remain outstanding. No new control person was created pursuant to either of these transactions and the Company is completing the settlement documentation with the TSXV with respect to these transactions. All securities issued in connection with the Offering (including the shares-for-debt transaction and the debenture conversion) are subject to a hold period of four months and one day in accordance with applicable securities laws.
Article content
Article content
Article content
Subsequent to the year ended December 31, 2025, the Company also granted 459,108 deferred share units to its directors in January 2026.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The Company relied on the exemptions from the valuation and minority shareholder approval requirements contained in sections 5.5(b) and 5.7(1)(a) of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions in respect of such insider participation.
Article content
About Next Hydrogen
Article content
Founded in 2007, Next Hydrogen is a designer and manufacturer of hydrogen electrolyzers using water and electricity to generate clean hydrogen for use as an energy source. Next Hydrogen’s unique cell design, supported by 40 patents, enables high current density operations and superior dynamic response to efficiently convert intermittent electricity, particularly from renewables such as wind, solar and nuclear, into hydrogen.
Article content
For further information contact:
Article content
Next Hydrogen Solutions Inc.
Raveel Afzaal, President and Chief Executive Officer
Email: [email protected]
Phone: 647-961-6620
www.nexthydrogen.com
Article content
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Article content
Article content
Article content
Article content
Article content
Article content
English (US)