Hybrid Power Solutions closes Final Tranche of Life Offering Financing

Executive Summary

• Hybrid Power Solutions Inc. closed the final tranche of its Life Offering, issuing a total of 17,798,749 units for gross proceeds of CDN $1,067,925.
• Each unit consists of one common share and one whole‑share purchase warrant exercisable at CDN $0.10 per share for 24 months, with an acceleration clause tied to the share price reaching CDN $0.20 for 20 consecutive trading days.
• Net proceeds will be allocated to company operations, product R&D, sales growth initiatives, marketing, general corporate purposes and administrative expenses.

Key Details

• Units Sold: 883,750 units in the final tranche at CDN $0.06 per unit; total units issued to date 17,798,749.
• Gross Proceeds (final tranche): CDN $53,025.
• Total Gross Proceeds of Offering: CDN $1,067,925.
• Unit Composition: 1 common share + 1 whole‑share purchase warrant per unit.
• Warrant Terms: Exercise price CDN $0.10 per share; exercisable for 24 months from issuance. Acceleration right triggers if the CSE share price ≥ CDN $0.20 for 20 consecutive trading days, allowing the company to shorten expiry to 30 calendar days after notice.
• Use of Proceeds: Company operations, product and research & development, sales growth initiatives, marketing, general corporate purposes, and administrative expenses.
• Finder Compensation: Cash fee of $38,690.40 paid to eligible finders; issuance of 644,840 non‑transferable finder’s warrants (exercise price $0.10 per share, 24‑month term).
• Regulatory Conditions: Completion subject to receipt of all required regulatory approvals, including CSE approval; securities not registered under U.S. securities laws and may not be offered or sold to U.S. persons absent exemption/registration.

Notable Quotes

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