HPQ Announces Second and Final Closing of Private Placement

Core Viewpoint - HPQ Silicon Inc. has successfully closed a non-brokered private placement financing, raising a total of $907,979.58, which reflects strong market confidence in the company's value proposition despite challenging market conditions [1][4]. Financing Details - The company closed an additional 1,886,331 units at a price of $0.18 per unit, contributing to a total of 5,044,331 units issued [2]. - Each unit consists of one common share and one common share purchase warrant, with an exercise price of $0.25 for a period of 48 months [3]. - The financing was completed at a nearly 9% premium, indicating positive market sentiment [4]. Shareholder Meeting Results - Approximately 18.25% of the issued and outstanding common shares were represented at the Annual Meeting of Shareholders held on June 26, 2025 [6]. - All nominees for election as directors were elected with high approval rates, ranging from 98.57% to 99.50% [7]. - Shareholders also approved the reappointment of Forvis Mazars S.E.N.E.R.L as the auditor of HPQ Silicon [7]. Company Overview - HPQ Silicon Inc. is focused on innovation in advanced materials and critical process development, aiming to achieve net-zero goals through partnerships with technology leaders [10]. - The company is developing proprietary technologies for low-cost manufacturing of fumed silica and high-purity silicon, as well as innovative hydrogen production processes [13].