Hydrogen Central

Charbon Hydrogen extends financing deadline amid strong investor demand

charbone hydrogen financing investor

Charbon Hydrogen extends financing deadline amid strong investor demand

Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) announced that it has extended the deadline for its private placement financing of up to US$6 million in unsecured convertible notes by 30 days, now set to close on March 5.

The company said the extension follows advanced discussions with US investors who have shown strong interest in the offering.

The company previously secured US$1.5 million (C$2.1 million) from the financing in December 2024, and remains in negotiations with potential investors.

The notes have a 12% annual interest rate and a 36-month term, maturing in 2028 unless they are converted earlier.

Further, the company said it has received about $339,000 from the exercise of warrants, as of January 30.

Charbone is a green hydrogen company developing modular production facilities across North America to supply eco-friendly hydrogen for various industries.

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Charbon Hydrogen extends financing deadline amid strong investor demand, source

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