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Next Hydrogen Update on Private Placement

On Friday, Next Hydrogen Solutions Inc. finalized debt exchange and conversion agreements in Mississauga, Ontario, settling indebtedness and debenture obligations through common share issuances.
The Company settled CAD$560,527.37 of debt by issuing 1,245,610 common shares and converted CAD$1,125,000 in debentures into 2,499,998 common shares, all at a deemed price of CAD$0.45 per share.
To facilitate insider participation, Next Hydrogen relied on exemptions from minority shareholder approval requirements under Multilateral Instrument 61-101, with no new control person created per TSXV documentation.
All securities issued face a hold period of four months and one day under applicable securities laws; the Company granted 459,108 deferred share units to its directors in January 2026.
Founded in 2007, Next Hydrogen designs and manufactures hydrogen electrolyzers supported by 40 patents, converting water and electricity into clean energy for the renewable sector.

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Next Hydrogen Update on Private Placement

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"). The Company had previously announced: (i) debt exchange agreements (with each of the directors or officers of the Company to settle an …

2 days ago·New York, United States

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