Hybrid Power Solutions, Inc. (TSE:HPSS) has released an update.
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Hybrid Power Solutions, Inc. is launching a non-brokered financing round, offering up to 3 million Units at $0.20 each to raise a total of $600,000. Each Unit comprises a common share and a purchase warrant, with proceeds aimed at boosting the company’s working capital and general corporate purposes. The offering targets accredited investors with the option to accelerate the warrant expiry if certain trading conditions are met.
For further insights into TSE:HPSS stock, check out TipRanks’ Stock Analysis page.