First Hydrogen settles debt, extends debentures

Executive Summary

• First Hydrogen Corp. settled $206,930.25 of accrued debenture interest by issuing 470,296 common shares at a deemed price of $0.44 per share, subject to a four‑month plus one‑day hold period.
• The company obtained TSX Venture Exchange and debenture holder approval to extend the maturity date of its convertible debentures (principal amount $2,204,425) from 22 Nov 2025 to 22 Nov 2028.

Key Details

• Interest Settlement: $206,930.25 in accrued interest converted into 470,296 common shares at a deemed price of $0.44 per share.
• Hold Period: All newly issued shares are subject to a lock‑up period of four months plus one day from the issuance date.
• Convertible Debenture Extension: Principal amount $2,204,425; original maturity 22 Nov 2025 extended to 22 Nov 2028.
• Approvals: Extension approved by the TSX Venture Exchange and the holders of the convertible debentures.

Notable Quotes

(No executive quotes were provided in the release.)