Northwire Canada EditionMonday, October 19, 2026
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Financings

First Hydrogen to extend debenture maturity date

By The Northwire Desk — AI Analysis Nov 21, 2025 · 19:46 FHYD · 0.44 First Hydrogen Corp
FHYD · Price

Executive Summary

  • First Hydrogen Corp. will extend the maturity date of its $2,204,425 convertible debentures from Nov 22 2025 to Nov 22 2028, pending TSX‑V exchange and holder approval.
  • The debentures will continue to bear 9% annual interest and remain convertible at $0.54 per common share; no other terms are being changed.
  • Up to $206,930.25 of accrued/owed interest will be settled by issuing approximately 470,296 common shares at a deemed price of $0.44 per share.

Key Details

  • Original Debenture Terms: Principal $2,204,425; interest 9% per annum; conversion price $0.54/share; original maturity Nov 22 2025.
  • Amended Maturity: New maturity date set to Nov 22 2028.
  • Conversion Mechanics: Conversion price unchanged at $0.54 per common share; all other covenants remain the same.
  • Interest Settlement: Company proposes to settle up to $206,930.25 of accrued and owing interest by issuing 470,296 common shares (deemed price $0.44/share).
  • Share Issuance: Shares will be issued to debenture holders referenced above and to holders of the 9% unsecured convertible debentures that were fully converted into shares on Sept 24 2025 and Oct 14 2025.
  • Approvals Required: Amendment is subject to acceptance by the TSX Venture Exchange and approval by the debenture holders.

Notable Quotes

(No direct quotes provided in the release.)

Read the original news release →

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