Next Hydrogen Update on Private Placement

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentMISSISSAUGA, Ontario, March 20, 2026 (GLOBE NEWSWIRE) — Next Hydrogen Solutions Inc. (“Next Hydrogen” or the “Company”) is providing an update on its non-brokered private placement of common shares at a price of CAD$0.45 per share (the “Offering Price”) which was completed on December 18, 2025 (the “Offering”).Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe Company had previously announced: (i) debt exchange agreements (with each of the directors or officers of the Company to settle an aggregate of CAD$560,527.37 of indebtedness under loan agreements, including principal loan amounts, accrued interest and loan setup fees), in consideration for the issuance of 1,245,610 Common Shares at a deemed price of $0.45 per Common Share; and (ii) debenture conversion agreements with certain holders of debentures of the Company to settle an aggregate of CAD$1,125,000 principal amount of debentures, in consideration for the issuance of 2,499,998 Common Shares at a deemed price of $0.45 per Common Share. $1,600,000 of these debentures remain outstanding. No new control person was created pursuant to either of these transactions and the Company is completing the settlement documentation with the TSXV with respect to these transactions. All securities issued in connection with the Offering (including the shares-for-debt transaction and the debenture conversion) are subject to a hold period of four months and one day in accordance with applicable securities laws.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentSubsequent to the year ended December 31, 2025, the Company also granted 459,108 deferred share units to its directors in January 2026.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentThe Company relied on the exemptions from the valuation and minority shareholder approval requirements contained in sections 5.5(b) and 5.7(1)(a) of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions in respect of such insider participation.Article contentAbout Next HydrogenArticle contentFounded in 2007, Next Hydrogen is a designer and manufacturer of hydrogen electrolyzers using water and electricity to generate clean hydrogen for use as an energy source. Next Hydrogen’s unique cell design, supported by 40 patents, enables high current density operations and superior dynamic response to efficiently convert intermittent electricity, particularly from renewables such as wind, solar and nuclear, into hydrogen.Article contentFor further information contact: Article contentNext Hydrogen Solutions Inc.Raveel Afzaal, President and Chief Executive OfficerEmail: rafzaal@nexthydrogen.comPhone: 647-961-6620www.nexthydrogen.comArticle contentNeither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.Article contentArticle contentArticle contentArticle contentArticle contentArticle contentTrending Garry Marr: Why it could be the right time to walk away from your real estate Personal Finance TC Energy could be open to return to B.C. 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