First Hydrogen (TSE:FHYD) has released an update.
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First Hydrogen Corp. has initiated a non-brokered financing round, raising $2.7 million through debenture units, each convertible into shares and warrants, to bolster its general corporate purposes. These debentures, which are unsecured, carry an 8% annual interest and are subject to a four-month resale restriction post-closing. Additionally, the company has restructured the conversion pricing of existing debentures, pending regulatory approval.
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