First Hydrogen Secures $2.7 Million Financing

First Hydrogen (TSE:FHYD) has released an update.

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.

For further insights into TSE:FHYD stock, check out TipRanks’ Stock Analysis page.