Hybrid Power Solutions, Inc. (TSE:HPSS) has released an update.
Hybrid Power Solutions, Inc. has successfully completed the first tranche of its non-brokered prospectus offering, raising $541,800 through the sale of units that include common shares and warrants. The proceeds from this offering are earmarked for general corporate and working capital purposes. Additionally, the company rewarded finders with fees and warrants, and outlined conditions under which the warrants’ expiry could be accelerated.
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