Hypercharge Announces Brokered LIFE Offering of Units for Gross Proceeds of up to $4 Million

Core Viewpoint - Hypercharge Networks Corp. has announced a private placement offering to raise between $2 million and $4 million through the sale of units priced at $0.10 each, consisting of common shares and warrants [1][5]. Offering Details - The offering will consist of units, each comprising one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of an additional common share at $0.12 for two years [2]. - The offering aims for minimum gross proceeds of $2 million from 20 million units and a maximum of $4 million from 40 million units [1][5]. - The offering will be conducted under the "listed issuer financing exemption" in Canada and may also be available in the U.S. and other jurisdictions [3]. Use of Proceeds - The net proceeds from the offering are intended for general working capital and corporate purposes [5]. Agent and Commission Structure - Hypercharge has engaged FMI Securities Inc. as the lead agent, agreeing to pay a cash commission of 6% on gross proceeds and issue broker warrants equal to 6% of the units sold [6]. - The cash commission will be reduced to 3% for sales to subscribers on a president's list [6]. Closing Timeline - The closing of the offering is expected around October 31, 2025, pending necessary regulatory approvals [7]. Company Overview - Hypercharge Networks Corp. is a provider of smart electric vehicle charging solutions, focusing on accelerating EV adoption and supporting a carbon-neutral economy through innovative hardware and software [9].