Charbone Hydrogen Issued $2M Convertible Replacement Debentures

Core Insights - CHARBONE HYDROGEN CORPORATION has announced the issuance of Replacement Debentures amounting to $2,050,000, following an amendment of terms related to previously issued secured convertible debentures [1][2] Group 1: Replacement Debentures - The new Replacement Debentures, effective as of September 30, 2025, will expire on September 30, 2026, with an annual interest rate of 12% and a conversion price of $0.07 per Debenture Share [2] - Prior to the amendment, the original debentures had expiry dates of September 30 and October 31, 2025, with the same interest rate of 12% but a higher conversion price of $0.10 per Debenture Share [2] Group 2: Financial Strategy - The additional proceeds from the Replacement Debentures are intended to accelerate cash inflow for the acquisition of production equipment for hydrogen, as announced on September 5, 2025 [5] - The company plans to issue another press release to announce the closing of the equipment acquisition once the effective date is reached, initiating the equipment dismantling process [5] Group 3: Company Overview - CHARBONE is focused on Ultra High Purity (UHP) hydrogen production and the strategic distribution of industrial gases in North America and the Asia-Pacific region [6] - The company is developing a modular network for green hydrogen production and is partnering with industry players to supply helium and other specialty gases without the need for costly new plants, which diversifies revenue streams and reduces risks [6]