First Hydrogen Proposes Debt Settlement to Strengthen Equity

First Hydrogen ( (TSE:FHYD) ) has issued an announcement.

First Hydrogen Corp. has announced a proposed debt settlement to convert $341,308.66 of accrued interest into 948,080 common shares, pending approval from the TSX Venture Exchange. This move, part of managing its financial obligations related to convertible debentures, reflects the company’s strategic financial management and enhances its equity structure without additional cash outlay, potentially strengthening its position in the green hydrogen industry.

More about First Hydrogen

First Hydrogen Corp. is a company based in Vancouver, Montreal, and London, UK, focused on zero-emission vehicles and green hydrogen production and distribution. The company has designed and built hydrogen-fuel-cell-powered light commercial vehicles, which are road-legal in the UK and have been trialed successfully in real-world conditions.

YTD Price Performance: 6.00%

Average Trading Volume: 13,022

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $18.33M

See more data about FHYD stock on TipRanks’ Stock Analysis page.