Hybrid Power Solutions Inc. Closes Private Placement, Secures CDN$1.7 Million
Toronto, Ontario — June 11, 2026 — Leads & Copy — Hybrid Power Solutions Inc. announced the closing of its non-brokered private placement, raising CDN$1,697,000 in gross proceeds. The offering involved the issuance of 33,940,000 Units at CDN$0.05 per Unit.
Each Unit comprises one common share and one common share purchase warrant. These warrants grant the holder the right to purchase an additional common share at an exercise price of CDN$0.08 for a period of two years from the closing date. A provision within the warrant terms allows for acceleration if the closing price of the common shares on the Canadian Securities Exchange (CSE) surpasses CDN$0.15 for 20 consecutive trading days, with the company able to accelerate the expiry date by issuing a news release, setting a new expiry date no less than 30 days thereafter.
All securities issued under this private placement are subject to a four-month-and-one-day statutory hold period from their issuance date, adhering to Canadian securities laws. The completion of the offering is contingent on receiving necessary regulatory approvals, including that of the CSE.
In connection with the private placement, the Company disbursed aggregate finder’s fees totaling CDN$51,660. Additionally, 1,117,200 finder’s warrants were issued to eligible finders, consistent with CSE policies. Each finder warrant enables the holder to acquire one common share at a price of CDN$0.05, exercisable within 24 months of the closing date.
The net proceeds generated from this offering are designated for general working capital and corporate expenditures.
In a separate announcement, Hybrid Power Solutions confirmed the issuance of 1,050,000 restricted share units (RSUs) to certain officers and senior management personnel. This issuance, executed under the company’s omnibus equity incentive plan, is intended to harmonize management’s interests with those of the shareholders and to bolster the company’s ongoing growth initiatives.
Hybrid Power Solutions Inc. is a Canadian clean energy innovator focused on developing portable power systems that eliminate the reliance on fossil fuels in off-grid and remote settings. The company, listed on the Canadian Securities Exchange under the symbol “HPSS,” emphasizes environmental responsibility and technological innovation as it aims to lead the clean energy transition.
Source: Hybrid Power Solutions Inc.
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