Mr. David Bibby reports
HYPERCHARGE ANNOUNCES ISSUANCE OF EQUITY GRANTS
Hypercharge Networks Corp. has granted 2.63 million stock options to directors, officers, employees and consultants. Each option is exercisable to purchase one common share in capital of the company at an exercise price of eight cents for a five-year term. Two million five hundred thirty thousand options are to vest as to 25 per cent every six months for two years, and 100,000 options will vest 100 per cent at issuance.
The company has also granted 1,115,464 deferred share units to directors. The DSUs will vest 12 months from the date of the grant and are issued as part of the company's equity incentive plan that was adopted by the board on April 13, 2026. The company will seek to obtain shareholder approval for the equity incentive plan at the next annual general meeting of the company. Furthermore, 745,464 of the DSUs were issued in place of director fees and have a deemed value of eight cents per DSU.
Equity grants are governed by the terms of the company's equity incentive plan and are subject to the requirements of the TSX Venture Exchange.
About Hypercharge Networks Corp.
Hypercharge is a leading provider of smart electric vehicle charging solutions for residential and commercial buildings, fleet operations, and other rapidly growing sectors. Driven by its mission to accelerate EV adoption and enable the shift toward a carbon-neutral economy, Hypercharge is committed to offering seamless, simple solutions including industry-leading hardware, innovative and integrated software, and comprehensive services, backed by a robust network of public and private charging stations.
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