CHARBONE Hydrogen Announces $2M Convertible Debentures Replacement to Extend Maturity and Lower Conversion Price

CHARBONE HYDROGEN CORPORATION has announced the signing of replacement debentures totaling $2,050,000, amending terms of existing secured convertible debentures originally issued in a private placement. The replacement debentures extend the maturity date from September and October 2025 to September 30, 2026, increase the convertible balance from approximately $1.7 million to $2.1 million while maintaining a 12% annual interest rate payable monthly, and reduce the conversion price from $0.10 to $0.07 per common share.

This financial restructuring provides CHARBONE with enhanced flexibility to complete the acquisition of operational hydrogen production and refueling equipment announced on September 5, 2025. The company's CFO, Benoit Veilleux, emphasized that these changes support capital structure optimization and advance first-mover advantages in the green hydrogen sector while protecting shareholder interests. The replacement debentures remain subject to approval by the TSX Venture Exchange.

CHARBONE focuses on green hydrogen production and distribution, developing a modular network for ultra-high purity hydrogen while partnering with industry players to supply helium and other specialty gases. The company's strategy aims to diversify revenue streams, reduce risks, and increase operational flexibility without requiring costly new plant construction. Additional information about the company's operations and financial disclosures can be found in its Filing Statement dated March 31, 2022, available through SEDAR.