First Hydrogen (TSE:FHYD) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.
Trending Articles:
- RTO Doesn’t Always Mean RTO: Microsoft Stock (NASDAQ:MSFT) Notches Up as Salespeople Find Exemption
- This Was Not the First Bid: Warner Bros. Discovery Stock (NASDAQ:WBD) Gains as it Rejected Three Bids from Paramount So Far
- ‘Paramount Can Walk Away with Warner Bros.’ Say TD Cowen and Benchmark Analysts