Hybrid Power Solutions files Amended Life Offering Document and provides update on Financing

Executive Summary

• Hybrid Power Solutions Inc. filed an amended and restated Life Offering Document to conduct a non‑brokered private placement of 16,666,667 – 33,333,333 units at CDN$0.06 per unit, targeting gross proceeds of approximately CDN$1 million to CDN$2 million.
• 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 a trigger price of CDN$0.20.
• Net proceeds will be used for operations, product R&D, sales growth initiatives, marketing, general corporate purposes, and administrative expenses.

Key Details

• Offering Size: Minimum 16,666,667 units; maximum 33,333,333 units.
• Unit Price: CDN$0.06 per unit.
• Gross Proceeds Target: Minimum ≈ CDN$1,000,000; maximum ≈ CDN$2,000,000.
• Unit Composition: 1 Common Share + 1 Whole Share Purchase Warrant.
• Warrant Terms:
• Exercise price CDN$0.10 per share.
• exercisable for 24 months from issuance.
• Acceleration right if the CSE (or other exchange) closing price ≥ CDN$0.20 for 20 consecutive trading days; warrants may then expire 30 calendar days after notice.
• Insider Participation: Insiders may subscribe, treated as a related‑party transaction but expected to be exempt from formal valuation and minority‑shareholder approval because the fair market value will not exceed 25 % of market cap.
• Use of Proceeds: Company operations, product and corporate research & development, sales growth initiatives, marketing, general corporate purposes, and administrative expenses.
• Exemptions & Regulatory Framework: Offering relies on NI 45‑106 listed issuer financing exemption (Part 5A) and Coordinated Blanket Order 45‑935; no hold period in Canada; not registered under U.S. securities laws.
• Geographic Availability: Offered to purchasers resident in Canadian provinces/territories (except Quebec), the United States, and offshore jurisdictions, subject to applicable exemptions.
• Closing Conditions: Subject to receipt of all required regulatory approvals, including CSE approval.

Notable Quotes

• Francois Byrne, CEO and Director: “The amended offering provides us with flexible capital to accelerate our product development and market expansion while giving investors attractive warrant upside.”