First Hydrogen to extend debenture maturity date

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.)