Not for distribution in the U.S. or to U.S. newswire services.
TORONTO, March 04, 2021 (GLOBE NEWSWIRE) Further to the press release dated December 21, 2020, Next Hydrogen Corporation (“
Next Hydrogen” or the “
Company“) and BioHep Technologies Ltd. (“
BioHep”), are pleased to announce that, further to their letter of intent dated December 21, 2020, Next Hydrogen and BioHep have entered into a definitive amalgamation agreement dated March 3, 2021 (the “
Amalgamation Agreement”), pursuant to which Next Hydrogen and a newly-formed subsidiary of BioHep will amalgamate to form a subsidiary of BioHep (“
Amalco”) and the shareholders of Next Hydrogen will receive common shares of BioHep (the “
Transaction”). Upon completion of the Transaction, it is the intention of the parties that BioHep (the “
Next Hydrogen Closes Over-Subscribed Equity Offering
Next Hydrogen Closes Over-Subscribed Equity Offering
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
TORONTO, Jan. 25, 2021 Next Hydrogen Corporation (“
Next Hydrogen” or the “
Company”) is pleased to announce that it has closed its previously announced private placement equity financing. The financing was oversubscribed and will allow the Company to execute on its business strategy in 2021 and support its plans to become a listed issuer on the TSX-V.
“We have spent the last 12 years fundamentally revolutionizing the cell design architecture of alkaline electrolysers, which has not changed in decades,” said Mr. Walter Howard, Executive Chairman. “Our patented design allows for higher current densities with the same proven materials used by our leading competitors. This prov
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