Hybrid Power Solutions files Amended Life Offering Document and provides update on Financing

Core Viewpoint - Hybrid Power Solutions Inc. has filed an amended and restated Life Offering Document to facilitate a non-brokered private placement aimed at raising between approximately CDN$1,000,000 and CDN$2,000,000 through the sale of units priced at CDN$0.06 each [1][3]. Group 1: Offering Details - The Offering will consist of a minimum of 16,666,667 and up to 33,333,333 units, each unit comprising one common share and one whole common share purchase warrant [3][4]. - Each warrant will be exercisable at CDN$0.10 per share for 24 months, with an acceleration clause if the share price exceeds CDN$0.20 for 20 consecutive trading days [4]. - The net proceeds from the Offering will be allocated for company operations, product research and development, sales growth initiatives, marketing, and general corporate purposes [6]. Group 2: Regulatory and Compliance - The units will be offered to purchasers in Canadian provinces (excluding Quebec), the United States, and offshore jurisdictions under the Listed Issuer Financing Exemption [7]. - Securities issued under this exemption will not be subject to a hold period in Canada, allowing for immediate trading [7]. - The Offering is subject to regulatory approvals, including that of the Canadian Securities Exchange [8]. Group 3: Company Background - Hybrid Power Solutions Inc. is a Canadian clean energy innovator focused on developing portable power systems that eliminate the need for fossil fuels in off-grid applications [11].