Charbone Hydrogen Corporation has executed replacement debentures totaling $2,050,000, restructuring existing secured convertible debentures originally issued through a private placement. The comprehensive modification extends the maturity date from September and October 2025 to September 30, 2026, providing the company with additional time to execute its strategic initiatives. The restructuring also increases the convertible balance from $1.7 million to $2.1 million while maintaining the existing 12% annual interest rate payable monthly, and reduces the conversion price from $0.10 to $0.07 per common share.
The revised financing arrangement requires formal approval from the TSX Venture Exchange, where Charbone trades under the symbol CH. According to Benoit Veilleux, Chief Financial Officer and Corporate Secretary, these modifications deliver enhanced financial flexibility by significantly extending debt maturities and supplying additional capital to complete the acquisition of operational hydrogen production and refueling equipment announced on September 5, 2025. This strategic financial restructuring supports Charbone's broader objective of optimizing its capital structure while advancing its first-mover advantages in the competitive green hydrogen sector.
Charbone focuses on ultra-high purity hydrogen production and industrial gas distribution across North America and the Asia-Pacific region, employing an innovative modular network approach that partners with existing industry players to supply helium and specialty gases without constructing new facilities. The company's business model emphasizes capital efficiency and rapid market penetration through strategic partnerships rather than traditional infrastructure development. For additional corporate information, investors can visit https://www.charbone.com. Regulatory documents including the company's filing statement detailing risk factors are available through https://www.sedar.com.
The debenture restructuring represents a significant step in Charbone's financial strategy, providing the company with both extended runway and additional capital resources at a critical juncture in its development. By reducing the conversion price and extending maturities, the company positions itself to better navigate the capital-intensive hydrogen energy sector while pursuing its equipment acquisition goals. This financial maneuver demonstrates the company's proactive approach to capital management as it seeks to establish itself as a key player in the emerging green hydrogen economy across multiple international markets.
