Charbone Hydrogen Secures $2M Financing Extension for Green Hydrogen Expansion
Charbone Hydrogen Corporation has restructured $2.05 million in convertible debentures, extending maturity dates and lowering conversion prices to fund operational hydrogen equipment acquisitions and strengthen its capital structure.
Charbone Hydrogen Corporation has announced the signing of replacement debentures totaling $2,050,000, modifying terms of existing secured convertible debentures originally issued through a private placement. The restructuring extends the maturity date from September and October 2025 to September 30, 2026, increases the convertible balance from $1.7 million to $2.1 million while maintaining a 12% annual interest rate payable monthly, and reduces the conversion price from $0.10 to $0.07 per common share.
The financial restructuring provides Charbone with enhanced financing flexibility to complete the acquisition of operational hydrogen production and refueling equipment announced on September 5, 2025. According to Benoit Veilleux, Chief Financial Officer and Corporate Secretary, "These changes announce today to the existing debentures is providing a new financing flexibility to Charbone by extending significantly the maturities and provide us with additional financing to complete and execute the acquisition." The company is focused on optimizing its capital structure while advancing its first-mover advantages in the green hydrogen sector.
The replacement debenture remains subject to approval by the TSX Venture Exchange, where Charbone trades under the symbol CH. The company also maintains listings on OTC Markets as CHHYF and on the Frankfurt Stock Exchange as K47. Additional corporate information is available through their corporate website at https://www.charbone.com and regulatory filings accessible via https://www.sedar.com.
This financing development comes as Charbone continues developing its modular network of green hydrogen production facilities while partnering with industry players to supply helium and other specialty gases. The company's strategy focuses on diversifying revenue streams, reducing risks, and increasing operational flexibility in the competitive hydrogen production and distribution market across North America and the Asia-Pacific region.