Hybrid Power Solutions, Inc. (TSE:HPSS) has released an update.
Hybrid Power Solutions Inc. has successfully completed its prospectus offering, raising $600,000 by fully issuing 3,000,000 units. Each unit includes a common share and a warrant, with an acceleration clause for the warrants if share prices exceed $0.35 for five consecutive days. The funds raised are designated for general corporate purposes and working capital.
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