SHARC Energy Enters Into Short Term Loan Agreement

Core Points - SHARC International Systems Inc. has entered into a short-term working capital loan agreement for up to $400,000, maturing on July 31, 2025, with an annual interest rate of 8% [1][2] - The loan will be utilized for working capital purposes related to several SHARC and PIRANHA projects scheduled for delivery over the next three months [2] - In exchange for the loan, the company issued 800,000 stock options, each allowing the holder to acquire one common share at$ 0.10 per share for three years [2] - SHARC Energy specializes in energy transfer systems that utilize wastewater to generate energy-efficient heating, cooling, and hot water production for various types of buildings [3] - The company is publicly traded in Canada, the United States, and Germany, indicating its international presence in the market [4]