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Hypercharge Networks Corp
Symbol HC
Shares Issued 71,061,649
Close 2025-02-26 C$ 0.065
Market Cap C$ 4,619,007
Recent Sedar Documents

Hypercharge Networks arranges $1.5-million financing

2025-02-27 09:46 ET - News Release

Mr. David Bibby reports

HYPERCHARGE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Hypercharge Networks Corp. intends to complete a non-brokered private placement financing, in one or more tranches, of up to 23,067,923 units of the company at a price of 6.5 cents per unit for gross proceeds of up to $1.5-million. The company reserves the right to increase the size of the offering, subject to TSX Venture Exchange approval.

Each unit will comprise one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one common share at a price of 12 cents for a period of three years.

The warrants will be subject to an acceleration provision: if, for any 10 consecutive trading days following the closing of the offering, the closing price of the company's common shares exceeds 20 cents per share on the exchange, the company may announce, by way of news release, that the expiry date of the warrants will be accelerated to 30 days thereafter.

The units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue. Finders' fees may be payable to arm's-length parties who introduce subscribers to the company, in accordance with the policies of the TSX-V.

The company intends to use the proceeds from the offering to expand operations, enhance sales and service capabilities, invest in revenue-generating opportunities and strengthen market presence.

The offering is expected to close on or about April 11, 2025. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX-V.

About Hypercharge Networks Corp.

Hypercharge Networks is a leading provider of smart electric vehicle (EV) 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.

We seek Safe Harbor.

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