Core Viewpoint - Next Hydrogen Solutions Inc. is initiating a non-brokered private placement of common shares to raise between CAD$20 million and CAD$30 million, aimed at transitioning from a development-stage company to a commercially focused business [1][2][3] Group 1: Offering Details - The private placement will be priced at CAD$0.45 per share and is expected to close around November 28, 2025, pending regulatory approvals [1][2] - The company has already secured signed subscription agreements totaling over CAD$20 million from Smoothwater and other significant shareholders [4] Group 2: Leadership and Strategic Direction - The Board of Directors supports the private placement to enhance product research and development, with Smoothwater Capital Corporation leading the investment [3] - Following the offering, Smoothwater is expected to become the largest shareholder, and its CEO, Stephen Griggs, will join as Executive Chair of the Board [3] Group 3: Use of Proceeds - The net proceeds from the offering will be utilized to accelerate sales and manufacturing of the NH150 electrolyzer, complete the development of the NH500 electrolyzer, and for general corporate purposes [5] Group 4: Company Background - Next Hydrogen, founded in 2007, specializes in designing and manufacturing hydrogen electrolyzers that convert water and electricity into clean hydrogen, supported by 40 patents [10] - The company's technology aims to provide commercial solutions for decarbonizing transportation and industrial sectors [10]