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Mar 20, 2026 8:00 PM

Next Hydrogen Update on Private Placement

MISSISSAUGA, Ontario, March 20, 2026 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. ("Next Hydrogen" or the "Company") is providing an update on its non-brokered private placement of common shares at a price of CAD$0.45 per share (the "Offering Price") which was completed on December 18, 2025 (the "Offering").

The Company had previously announced: (i) debt exchange agreements (with each of the directors or officers of the Company to settle an aggregate of CAD$560,527.37 of indebtedness under loan agreements, including principal loan amounts, accrued interest and loan setup fees), in consideration for the issuance of 1,245,610 Common Shares at a deemed price of $0.45 per Common Share; and (ii) debenture conversion agreements with certain holders of debentures of ...