Hybrid Power Solutions closes First Tranche of Life Offering Financing

Executive Summary

• Hybrid Power Solutions Inc. closed the first tranche of its Life Offering, raising gross proceeds of C$1,014,899.94 from the sale of 16,914,999 units at C$0.06 per unit.
• Each unit consists of one common share and one whole‑share purchase warrant exercisable at C$0.10 per share for 24 months, with acceleration provisions tied to a triggering price event.
• Net proceeds will be used for operations, product R&D, sales growth initiatives, marketing, general corporate purposes and administrative expenses.

Key Details

• Units sold: 16,914,999 units at C$0.06 per unit → Gross proceeds: C$1,014,899.94.
• Unit composition: 1 common share + 1 whole warrant (exercise price C$0.10, 24‑month term).
• Warrant acceleration clause: If the closing price ≥ C$0.20 for 20 consecutive trading days, Company may accelerate expiry to 30 calendar days after notice.
• Use of proceeds: Company operations, product and R&D, sales growth initiatives, marketing, general corporate purposes, administrative expenses.
• Finder compensation: 6% cash fee on gross proceeds plus non‑transferable finder’s warrants equal to 6% of shares sold to those subscribers (exercise price C$0.10, 24‑month term).
• Regulatory framework: Offered under Listed Issue Financing Exemption (NI 45‑106), exempt from hold periods in Canada; not registered in the U.S., unavailable to U.S. persons without exemption.
• Closing conditions: Subject to receipt of all required regulatory approvals, including CSE approval.

Notable Quotes

• Francois Byrne, CEO and Director: “The successful close of this tranche provides essential capital to accelerate our product development and expand our market presence as we continue driving the clean‑energy transition.”