Next Hydrogen Announces Aggregate of $1.5 million in Loans and Provides Corporate Update, by @GlobeNewswire
Summary
Next Hydrogen announced an aggregate $1.5 million in loans to support working capital and general corporate purposes. The company arranged a $530,000 insider loan and is negotiating a separate $1 million commercial loan. It also plans to issue bonus shares and may convert the loan into equity, subject to regulatory approval. Management said the financing will help bridge the company while it evaluates longer-term financial and strategic options. Next Hydrogen also disclosed that its OTCQX trading will end on July 24, 2025.
Funding
Amount
$386.9K
Total raised
Date
July 23, 2025
Announcement date
Investors
Pro Motors Group
Lead investors
Company
nexthydrogen.com
Funded company
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