Hybrid Power Solutions, Inc. (TSE:HPSS) has released an update.
Hybrid Power Solutions Inc. has launched a non-brokered financing initiative aimed at raising $1.5 million by offering 5 million units at $0.30 each. Investors will have the option to purchase additional shares via warrants within 24 months, potentially accelerating if share prices soar. The capital raised will bolster the company’s general working capital and fund corporate endeavors.
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