Global Power Solutions arranges $1-million financing

• Financing Event: On April 21, 2026, Global Power Solutions Corp. (PWER) announced a non-brokered private placement of up to 4,000,000 units at $0.25 per unit for gross proceeds of up to $1 million CAD.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Warrants are exercisable at $0.32 per share with an expiry of 24 months from closing.
• Use of Proceeds: Funds are designated for working capital and business development purposes, specifically supporting the ongoing decentralized power initiatives.
• Regulatory Conditions: Subject to TSX Venture Exchange approval and includes a four-month hold period on all securities issued.
• Contextual Progression: This financing follows a series of strategic announcements including an LOI for 100 MW data center power (April 8), a Decentralized Power Initiative launch (March 31), and a definitive agreement for modular hydrogen systems (March 2).

• Liquidity Extension: The $1 million raise provides immediate working capital, mitigating short-term liquidity risk. Given the previously announced $3.5 million budget for an 80 kW demonstration facility (January news), this funding is necessary to sustain operations but covers only a fraction of the total project cost.
• Dilution Risk: The issuance of 4 million units and associated warrants introduces significant dilution. With the current trading price at $0.31, the placement price of $0.25 represents a discount, which is standard for private placements but signals management's need to incentivize capital injection over market pricing.
• Warrant Overhang: The warrant exercise price ($0.32) sits just above the current share price ($0.31). This creates potential selling pressure if the stock rallies near $0.32, as warrant holders may exercise and sell shares to capture value.
• Strategic Alignment: The financing supports the stated strategy of developing hydrogen-based power systems. However, it does not materially alter the company's fundamental valuation or revenue generation timeline, as projects remain in early development stages (LOIs/EOIs).
• Market Reaction: The stock price closed at $0.31 on April 21, recovering slightly from recent lows around $0.27-$0.29 in mid-April. This suggests the market views the financing as a necessary step rather than a transformative event.

• Company Identity: Global Power Solutions Corp. (TSXV: PWER), formerly Minaean SP Construction Corp., rebranded in late 2025 to reflect a focus on renewable power generation.
• Flagship Projects:
  • Modular Hydrogen Systems: Joint development with Northern Hydrogen and Energy Ltd. for scalable on-site hydrogen production (80 kW to multi-megawatt).
  • Decentralized Power Initiative: Targeting up to 1,000 MW of distributed power capacity across North America via Special Purpose Entities (SPEs).
  • Waste-to-Energy: Expression of Interest for a 15 MW plant in Kinshasa, DRC.
  • Solar PV: 10 MW project in Burundi (Hilgiro Hill) utilizing Cool Solar GmbH technology.
• Technology Focus: Combines licensed hydrogen system architecture with off-the-shelf components; aims to provide baseload electricity for data centers and remote communities.