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Hybrid Power Solutions, Inc. ( (TSE:HPSS) ) just unveiled an update.
Hybrid Power Solutions Inc. has announced a share-for-debt transaction with Treewalk Accounting Inc., settling a $50,000 debt by issuing 1,219,512 common shares. This move is part of Hybrid’s strategy to enhance financial stability by reducing liabilities and conserving cash. Additionally, the company has converted $33,000 worth of convertible debentures into 660,000 common shares, eliminating these outstanding liabilities. These actions demonstrate Hybrid’s commitment to strengthening its financial flexibility and support its ongoing sustainable growth and innovation efforts.
More about Hybrid Power Solutions, Inc.
Hybrid Power Solutions Inc. is a Canadian clean energy innovator listed on the Canadian Securities Exchange under the symbol ‘HPSS.’ The Company specializes in developing sustainable energy solutions that redefine power access and storage across industries. With a focus on environmental responsibility and technological innovation, Hybrid is at the forefront of the clean energy transition.
YTD Price Performance: -12.50%
Average Trading Volume: 376,585
Technical Sentiment Consensus Rating: Strong Buy
Find detailed analytics on HPSS stock on TipRanks’ Stock Analysis page.
