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Hybrid Power Solutions Closes First Tranche of Life Offering Financing
Toronto, Ontario — December 31, 2025 — Leads & Copy — Hybrid Power Solutions Inc. (CSE: HPSS) (FSE: E092) has announced the closing of the first tranche of its Life Offering financing, raising gross proceeds of C$1,014,899.94 through the sale of 16,914,999 units at C$0.06 per unit.
Each unit comprises one common share and one whole common share purchase warrant. Each warrant allows the holder to acquire one share at an exercise price of CDN$0.10 per share for 24 months from the issuance date, subject to an acceleration clause.
According to the acceleration clause, Hybrid Power Solutions Inc. can expedite the warrant's expiry date if the company's common share price on the Canadian Securities Exchange (or another stock exchange where the shares are traded) reaches or exceeds CDN$0.20 for 20 consecutive trading days. The warrants will expire 30 calendar days after the company announces the Triggering Event.
The units are available for sale to purchasers in Canada (excluding Quebec), the United States, and offshore jurisdictions, compliant with National Instrument 45-106 and the Listed Issuer Financing Exemption. Shares and warrants are expected to be immediately freely tradeable in Canada and will not be subject to a hold period.
The company plans to allocate the net proceeds from the offering to company operations, product and company research and development, sales growth initiatives, marketing, general corporate purposes, and administrative expenses.
Hybrid Power Solutions Inc. compensated eligible finders with a cash fee of 6% of the gross proceeds raised from subscribers introduced by them. The finders also received non-transferable finder's warrants, enabling them to acquire shares equal to 6% of the number of shares sold to those subscribers. These Finder's Warrants are exercisable for one share at $0.10 per share for 24 months from the Life Offering's closing.
The completion of the offering remains contingent upon meeting specific conditions, including securing all necessary regulatory approvals, such as the approval of the Canadian Securities Exchange.
The securities have not been registered under the U.S. Securities Act of 1933 or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption. This announcement does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such an action would be unlawful.
Hybrid Power Solutions Inc. specializes in developing portable power systems that eliminate the need for fossil fuels in off-grid and remote applications. Hybrid Power Solutions is committed to leading the clean energy transition.
Francois Byrne, CEO and Director
Hybrid Power Solutions
E: invest@hybridps.ca
T: 866-549-2743
Investor Relations
Dean Stuart
E: dean@boardmarker.net
T: 403-617-7609