VANCOUVER, British Columbia, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Hypercharge Networks Corp. (TSXV:HC, OTC:HCNWF, FSE: PB7)) (the "Company" or "Hypercharge"), a leading, smart electric vehicle (EV) charging solutions provider and network operator is pleased to announce that it has entered into an agreement with FMI Securities Inc. (the "Lead Agent"), for and on behalf of a syndicate of agents to be formed in connection with the Offering (as defined herein) (collectively with the Lead Agent, the "Agents"), to act as lead agent and sole bookrunner to assist the Company in selling, on "best efforts" private placement basis, units of the Company (each, a "Unit") at an price of $0.10 per Unit (the "Issue Price") for minimum gross proceeds of $2,000,000 (from the sale of 20,000,000 Units) and maximum gross proceeds of up to $4,000,000 (from the sale of 40,000,000 Units) (the "Offering").
Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one additional Common Share at a price of $0.12 per share for a period of two years following the date of issuance (the "Expiry Date"). If, at any time after the issue date of the Warrants, the Common Shares trade on the TSX Venture Exchange (the "TSXV") at a volume-weighted average trading price of $0.20 or greater per Common Share for a period of ten (10) consecutive trading days, the Company may, at its sole discretion, accelerate the Expiry Date by providing written notice (the "Acceleration Notice") to the holders. In such case, the Warrants will expire thirty days following the date on which such Acceleration Notice is provided.
The Units will be offered for sale by way of private placement in each of the provinces of Canada (other than Quebec) pursuant to the "listed issuer financing exemption" under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the "LIFE Exemption"). The Units may ...
